Published on 12/15/2004 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $74.69 million 7.6% Elks exchangeable for Motorola
New York, Dec. 15 - Citigroup Global Markets Holdings Inc. priced $74.69 million one-year 7.6% Elks (Equity Linked Securities) exchangeable for Motorola Inc. common stock, according to a 424B3 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: | Motorola Inc.
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Amount: | $74.691 million
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Maturity: | Jan. 6, 2006
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Interest: | 7.6%
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Price: | Par of $17.37
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Payout at maturity: | 1 share of Motorola stock, capped at $20.00 or 115.15% of initial price, in cash or stock at Citigroup's option
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Pricing date: | Dec. 9
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Settlement date: | Dec. 16
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Underwriter: | Citigroup
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