Published on 9/28/2004 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $45.5 million 8.5% Targets linked to Nokia
New York, Sept. 28 - Citigroup Global Markets Holdings Inc. priced $45.5million three-year 8.5% Targets (Targeted Growth Enhanced Terms Securities) via Targets Trust XXII linked to the American Depositary Receipts of Nokia Corp. common stock, according to a 424B2 document filed Tuesday with the Securities and Exchange Commission.
Issuer: | Targets Trust XXII (Citigroup Global Markets Holdings Inc.)
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Issue: | Targets (Targeted Growth Enhanced Terms Securities)
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Underlying stock: | Nokia Corp. American Depositary Receipts
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Amount: | $45.5 million
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Maturity: | Aug. 15, 2007
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Interest: | 8.5%, payable quarterly beginning Nov. 15, 2004
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Price: | Par of $10
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Payout at maturity: | Par multiplied by product of monthly returns, capped at 5% gain or 10% loss per month
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Pricing date: | Sept. 24
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Settlement date: | Sept. 29
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Underwriter: | Citigroup
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Listing: | "TGZ" on American Stock Exchange
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