Published on 12/19/2002 in the Prospect News Convertibles Daily.
New Issue: Salomon sells $30 million 8% ELKS linked to American Express
New York, Dec. 19 - Salomon Smith Barney Holdings Inc. issued $30 million 8% ELKS equity-linked securities based on the common stock of American Express Co., according to a filing with the Securities and Exchange Commission.
| Issuer: | Salomon Smith Barney Holdings Inc.
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| Issue: | ELKS equity-linked securities
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| Amount: | $30 million
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| Maturity: | Dec. 22, 2003
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| Coupon: | 8%
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| Price: | Par of $10
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| Payout at maturity: | 0.27181 shares of American Express common stock if the stock trades at $27.59 or less (75% of initial price of $36.79) any time up to third trading day before maturity, otherwise par in cash.
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| Underwriter: | Salomon Smith Barney
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| Pricing date: | Dec. 17
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| Settlement: | Dec. 20
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| Listing: | "EAP" on American Stock Exchange
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