Published on 11/25/2002 in the Prospect News Convertibles Daily.
New Issue: Salomon sells $35 million 10% Targets linked to Amgen
New York, Nov. 25 - Targets Trust XVII issued $35 million of 10% securities linked to Amgen Inc.'s common stock and guaranteed by Salomon Smith Barney Holdings Inc., according to a filing with the Securities and Exchange Commission.
Issuer: | Targets Trust XVII (Guaranteed by Barney Holdings Inc.)
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Issue: | Targeted Growth Enhanced Terms Securities
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Maturity: | Nov. 15, 2005
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Amount: | $35 million
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Price: | Par of $10.00
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Interest: | 10%, payable quarterly beginning Feb. 15, 2003
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Payout at maturity: | Par, adjusted for return on Amgen Inc. stock, calculated in monthly increments and capped at 5% gain and 10% loss per month
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Listing: | "TJA" on America Stock Exchange
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Underwriter: | Salomon Smith Barney
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Pricing date: | Nov. 21
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Settlement: | Nov. 26
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