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Published on 6/9/2004 in the Prospect News Convertibles Daily.

New Issue: Citigroup prices $39.8 million 6% Elks exchangeable for Wyeth

New York, June 9 - Citigroup Global Markets Holdings Inc. priced $39.765 million one-year 6% Elks (Equity Linked Securities) exchangeable for Wyeth common stock, according to a 424B3 document filed Wednesday with the Securities and Exchange Commission.

Issuer:Targets Trust XXI (Citigroup Global Markets Holdings Inc.)
Issue:Elks (Equity Linked Securities) medium-term notes
Underlying stock:Wyeth
Amount:$39.765 million
Maturity:June 24, 2005
Interest:6%, payable quarterly
Price:Par of $36.15
Payout at maturity:One share of Wyeth stock, capped at $43.38 value (20% above initial price of $36.15), in stock or cash at Citigroup's option
Pricing date:June 3
Settlement date:June 10
Underwriter:Citigroup

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