Published on 2/2/2005 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $65.2 million 8% Elks exchangeable for Texas Instruments
New York, Feb. 2 - Citigroup Global Markets Holdings Inc. priced $65.2 million of one-year 8% Elks (Equity Linked Securities) exchangeable for Texas Instrument Inc. common stock, according to a 424B3 document filed Monday with the Securities and Exchange Commission.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Issue: | Elks (Equity Linked Securities) medium-term notes
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| Underlying stock: | Texas Instrument Inc.
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| Amount: | $65.2 million
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| Maturity: | Feb. 6, 2006
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| Interest: | 8%
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| Price: | Par of $10.00
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| Payout at maturity: | Par in cash unless Texas instruments stock trades below 75% of the initial price of $23.21, in which case 0.43085 share of Texas Instrument stock
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 3
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| Underwriter: | Citigroup
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