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Published on 2/24/2005 in the Prospect News Convertibles Daily.

New Issue: Citigroup prices $47.35 million 7% Targets linked to Intel

New York, Feb. 24 - Citigroup Global Markets Holdings Inc. priced $47.35 million of three-year 7% Targets (Targeted Growth Enhanced Terms Securities) linked to Intel Corp. common stock, according to a 424B2 document filed Monday with the Securities and Exchange Commission.

Issuer:Targets Trust XXIV (Citigroup Global Markets Holdings Inc.)
Issue:Targets (Targeted Growth Enhanced Terms Securities)
Underlying stock:Intel Corp.
Amount:$47.35 million
Maturity:Feb. 15, 2008
Interest:7%, payable quarterly (short first coupon)
Price:Par of $10
Payout at maturity:Monthly returns of Intel stock, capped at 4.5% appreciation and 12% depreciation
Pricing date:Feb. 22
Settlement date:Feb. 25
Underwriter:Citigroup
Listing:"TOI" on American Stock Exchange

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