Published on 2/24/2005 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $20.64 million 5.75% Elks exchangeable for Fannie Mae
New York, Feb. 24 - Citigroup Global Markets Holdings Inc. priced $20.64 million of one-year 5.75% Elks (Equity Linked Securities) mandatorily exchangeable for Fannie Mae common stock, according to a 424B3 document filed Monday with the Securities and Exchange Commission.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Issue: | Elks (Equity Linked Securities) medium-term notes
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| Underlying stock: | Fannie Mae
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| Amount: | $20.644 million
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| Maturity: | Feb. 27, 2006
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| Interest: | 5.75%, payable monthly
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| Price: | Par of $63.075
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| Payout at maturity: | If Fannie Mae stock is at $63.075 or less at maturity of the notes then 1 share if Fannie Mae stock has depreciated by 20% or more at any time before maturity, otherwise par in cash; if Fannie Mae stock is above $63.075 then 1 share, capped at $69.3825
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| Pricing date: | Feb. 16
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| Settlement date: | Feb. 24
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| Underwriter: | Citigroup
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