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
|
|
© 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.