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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.)
Issue:Targets (Targeted Growth Enhanced Terms Securities)
Underlying stock:Alcoa Inc.
Amount:$35 million
Maturity:May 15, 2007
Interest:8%, payable quarterly beginning Aug. 15, 2004
Price:Par of $10
Payout at maturity:Par multiplied by product of monthly returns, capped at 5% gain or 10% loss per month
Pricing date:May 24
Settlement date:May 27
Underwriter:Citigroup
Listing:"TTA" on American Stock Exchange

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