Published on 3/28/2005 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $13.5 million 7.5% Sequins linked to IAC/InterActiveCorp
New York, March 28 - Citigroup Global Markets Holdings Inc. priced $13.5 million of one-year 7.5% Sequins linked to the common stock of IAC/InterActiveCorp, according to a 424B2 document filed Monday with the Securities and Exchange Commission.
Issuer: | Citigroup Global Markets Holdings Inc.
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Issue: | Sequins medium-term notes
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Underlying stock: | IAC/InterActiveCorp
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Amount: | $13.5 million
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Maturity: | April 3, 2006
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Interest: | 7.5%, payable quarterly
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Price: | Par of $10.00
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Payout at maturity: | 0.47416 shares of IAC/InterActiveCorp common stock
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Call: | Sept. 30, 2005 onwards to give yield to call of 12%
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Pricing date: | March 24
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Settlement date: | March 30
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Underwriter: | Citigroup
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Listing: | "QIA" on American Stock Exchange
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