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Published on 12/16/2004 in the Prospect News Convertibles Daily.

New Issue: Citigroup prices $10 million notes exchangeable for Tyco to yield 0.5% up 8.75%

New York, Dec. 16 - Citigroup Global Markets Holdings Inc. priced $10 million of seven-year notes exchangeable for the common stock of Tyco International Ltd. to yield 0.5% with an 8.75% initial exchange premium, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:Citigroup Global Markets Holdings Inc.
Issue:Exchangeable medium-term notes
Underlying stock:Tyco International Ltd.
Amount:$10 million
Maturity:Dec. 16, 2011
Coupon:0.5%
Price:Par
Yield:0.5%
Call:Oct. 18, 2007 onwards at greater of par in cash or 26.7315 shares
Exchange premium:8.75%
Exchange ratio:26.7315
Underwriter:Citigroup
Pricing date:Dec. 9
Settlement date:Dec. 16

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