Published on 8/26/2004 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $18 million 7.5% Elks exchangeable for Genentech
New York, Aug. 26 - Citigroup Global Markets Holdings Inc. priced $18 million one-year 7.5% Elks (Equity Linked Securities) exchangeable for Genentech Inc. common stock, according to a 424B2 document filed Monday with the Securities and Exchange Commission.
Issuer: | Citigroup Global Markets Holdings Inc.
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Issue: | Elks (Equity Linked Securities) medium-term notes
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Underlying stock: | Genentech Inc.
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Amount: | $18 million
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Maturity: | Aug. 30, 2005
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Interest: | 7.5%
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Price: | Par of $10
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Payout at maturity: | 0.20743 shares of Genentech stock if Genentech trades at or below $36.15 or 75% of initial price, otherwise par of $10 in cash
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Pricing date: | Aug. 24
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Settlement date: | Aug. 27
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Underwriter: | Citigroup
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Listing: | "EKG" on American Stock Exchange
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