Published on 2/11/2005 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $15 million notes exchangeable for FedEx at 0.5%, up 10.3%
New York, Feb. 11 - Citigroup Global Markets Holdings Inc. priced $15 million of seven-year 0.5% notes exchangeable for FedEx Corp. common stock with a 10.3% initial exchange premium, according to a 424B3 document filed with the Securities and Exchange Commission.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Issue: | Exchangeable medium-term notes
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| Underlying stock: | FedEx Corp.
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| Amount: | $15 million
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| Maturity: | Feb. 13, 2012
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| Interest: | 0.5%
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| Price: | Par
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| Yield: | 0.5%
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| Exchange premium: | 10.3%
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| Exchange price: | $106.23
|
| Exchange ratio: | 9.4132
|
| Call: | Dec. 13, 2007 onwards at par; automatic exchange if more valuable
|
| Pricing date: | Feb. 4
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| Settlement date: | Feb. 11
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| Underwriter: | Citigroup
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