Published on 11/24/2004 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $10 million 4% Elks exchangeable for Liberty Media
New York, Nov. 24 - Citigroup Global Markets Holdings Inc. priced $10 million one-year 4% Elks (Equity Linked Securities) exchangeable for Liberty Media Corp. 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: | Liberty Media Corp. series A
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Amount: | $10 million
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Maturity: | Nov. 25, 2005
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Interest: | 4%
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Price: | Par of $10.45
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Payout at maturity: | 1 share of Liberty Media stock, capped at $12.34 or 118.14% of initial price, in cash or stock at Citigroup's option
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Pricing date: | Nov. 17
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Settlement date: | Nov. 24
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Underwriter: | Citigroup
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