New Issue: Salomon sells $18.5 million 10% ELKS based on Texas Instruments

New York, June 24 - Salomon Smith Barney Holdings Inc. sold $18.5 million of one-year 10% ELKS equity-linked securities based on the common stock of Texas Instruments Inc., according to a filing with the Securities and Exchange Commission.

The securities were priced on June 20 via Salomon Smith Barney.

Issuer:	Salomon Smith Barney Holdings Inc
Issue:	ELKS equity-linked senior debt securities
Underwriter:	Salomon Smith Barney
Amount:	$18.5 million
Maturity:	June 26, 2003
Coupon:	10%
Price:	Par of $10
Coupon:
Payout at maturity:	0.40866 shares of Texas Instruments stock if Texas Instruments stock trades at $15.91 or below from settlement through three days before maturity ($15.91 is 65% of stock's closing price of $24.47 on day of pricing)
	Otherwise par in cash
Pricing date:	June 20
Settlement:	June 26
Listing:	"ETJ" on American Stock Exchange

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