Published on 3/17/2005 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $10 million 3.82% Elks exchangeable for Commonwealth Telephone
New York, March 17 - Citigroup Global Markets Holdings Inc. priced $10 million of one-year 3.82% Elks mandatorily exchangeable for Commonwealth Telephone Enterprises, Inc. common stock, according to a 424B2 document filed Monday with the Securities and Exchange Commission.
Issuer: | Citigroup Global Markets Holdings Inc.
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Issue: | Elks mandatorily exchangeable medium-term notes
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Underlying stock: | Commonwealth Telephone Enterprises, Inc.
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Amount: | $10 million
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Maturity: | March 20, 2006
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Interest: | 3.82%, payable monthly
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Price: | Par of $48.40
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Payout at maturity: | 1 share of Commonwealth Telephone stock, capped at $53.24, 10% above initial price
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Pricing date: | March 10
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Settlement date: | March 17
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Underwriter: | Citigroup
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