Published on 10/26/2004 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $11.5 million 8% Sequins linked to Apple
New York, Oct. 26 - Citigroup Global Markets Holdings Inc. priced $11.5 million 8% one-year Sequins (Select Equity Indexed Notes) based on Apple Computer Inc. common stock, according to a 424B2 document filed Wednesday with the Securities and Exchange Commission.
Issuer: | Citigroup Global Markets Holdings Inc.
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Issue: | Sequins (Select Equity Indexed Notes)
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Underlying stock: | Apple Computer Inc.
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Amount: | $11.5 million
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Maturity: | Oct. 28, 2005
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Interest: | 8%, payable quarterly
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Price: | Par of $10
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Payout at maturity: | 0.21093 shares of Apple common stock
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Exchange price: | $47.41 (closing price of Apple stock on pricing date)
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Call: | April 28, 2005 onwards at price to give yield to call of 15%
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Pricing date: | Oct. 22
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Settlement date: | Oct. 27
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Underwriter: | Citigroup
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Listing: | "CZA" on American Stock Exchange
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