Published on 6/2/2005 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $19.78 million 4.57% Elks exchangeable for Dollar General
New York, June 2 - Citigroup Global Markets Holdings Inc. priced $19.78 million of one-year 4.57% Elks mandatorily exchangeable for Dollar General Corp. common stock, according to a 424B3 document filed 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: | Dollar General Corp.
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Amount: | $19.784 million
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Maturity: | June 5, 2006
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Interest: | 4.57%, payable monthly
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Price: | Par of $19.5499
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Payout at maturity: | 1 share of Dollar General common stock per $19.5499 principal amount capped at $21.0549 per $19.5499 principal amount unless Dollar General stock ends at $19.5499 or lower but does not drop by more than 15% below $19.5499 during term of the notes, in which case par in cash
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Pricing date: | May 26
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Settlement date: | June 2
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Underwriter: | Citigroup
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