New Issue: Citigroup prices $75 million 8.5% Elks exchangeable for Freeport-McMoRan

New York, April 27 - Citigroup Global Markets Holdings Inc. priced $75 million of one-year 8.5% Elks mandatorily exchangeable for Freeport-McMoRan Copper & Gold Inc. common stock, according to a 424B2 document filed with the Securities and Exchange Commission.

Issuer:	Citigroup Global Markets Holdings Inc.
Issue:	Elks mandatorily exchangeable medium-term notes
Underlying stock:	Freeport-McMoRan Copper & Gold Inc.
Amount:	$75 million
Maturity:	May 1, 2006
Interest:	8.5%
Price:	Par of $10.00
Payout at maturity:	0.26889 shares of Freeport-McMoRan common stock per $10.00 principal amount if Freeport-McMoRan stock trades at less than or equal to $28.82 (equivalent to 77.5% of the initial price of $37.19) during the term of the notes, otherwise par in cash
Pricing date:	April 25
Settlement date:	April 28
Underwriter:	Citigroup

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.