Published on 5/26/2004 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $35 million 8% Targets linked to Alcoa
New York, May 26 - Citigroup Global Markets Holdings Inc. priced $35 million three-year 8% Targets (Targeted Growth Enhanced Terms Securities) via Targets Trust XXI linked to Alcoa Inc. common stock, according to a 424B2 document filed Wednesday with the Securities and Exchange Commission.
Issuer: | Targets Trust XXI (Citigroup Global Markets Holdings Inc.)
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Issue: | Targets (Targeted Growth Enhanced Terms Securities)
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Underlying stock: | Alcoa Inc.
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Amount: | $35 million
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Maturity: | May 15, 2007
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Interest: | 8%, payable quarterly beginning Aug. 15, 2004
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Price: | Par of $10
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Payout at maturity: | Par multiplied by product of monthly returns, capped at 5% gain or 10% loss per month
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Pricing date: | May 24
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Settlement date: | May 27
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Underwriter: | Citigroup
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Listing: | "TTA" on American Stock Exchange
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