Published on 6/28/2004 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $50 million 10% Elks exchangeable for Yahoo!
New York, June 28 - Citigroup Global Markets Holdings Inc. priced $50 million one-year 10% Elks (Equity Linked Securities) exchangeable for Yahoo! Inc. common stock, according to a 424B2 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: | Yahoo! Inc.
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| Amount: | $50 million
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| Maturity: | June 30, 2005
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| Interest: | 10%, payable quarterly
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| Price: | Par of $10
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| Payout at maturity: | 0.29317 shares of Yahoo! stock if Yahoo! trades at or below $23.02 or 67.5% of initial price, otherwise par of $10 in cash
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| Pricing date: | June 24
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| Settlement date: | June 29
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| Underwriter: | Citigroup
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| Listing: | "EKY" on American Stock Exchange
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