New Issue: Citigroup prices $52.5 million Pacers linked to JPMorgan

New York, Nov. 30 - Citigroup Global Markets Holdings Inc. priced $52.5 million of three-year Pacers (Premium mandatory Callable Equity-linked securities) based on JPMorgan Chase & Co. common stock, according to a 424B2 document filed with the Securities and Exchange Commission.

Issuer:	Citigroup Global Markets Holdings Inc.
Issue:	Pacers (Premium mandatory Callable Equity-linked securities)
Underlying stock:	JPMorgan Chase & Co.
Amount:	$52.5 million
Maturity:	Nov. 30, 2007
Coupon:	0%
Price:	Par of $10
Payout at maturity:	0.26624 shares of JPMorgan common stock if JPMorgan stock closes at $26.29 (70% of initial price of $37.56) or below on any date, otherwise par in cash
Exchange price:	$37.56 (closing price of JPMorgan stock on pricing date)
Call:	Annually beginning Nov. 25, 2005 if JPMorgan stock is above initial price of $37.56 at $10.90 in 2005, $11.80 in 2006 and $12.70 in 2007 (equivalent to 9% return per year)
Pricing date:	Nov. 23
Settlement date:	Nov. 29
Underwriter:	Citigroup
Listing:	"CZP" on American Stock Exchange

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.