Published on 2/25/2004 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $55 million 7.5% Targets linked to Cisco
New York, Feb. 25 - Citigroup Global Markets Holdings Inc. priced $55 million three-year 7.5% Targets (Targeted Growth Enhanced Terms Securities) via Targets Trust XX linked to Cisco Systems Inc. common stock, according to a 424B2 document filed Wednesday with the Securities and Exchange Commission.
| Issuer: | Targets Trust XX (Citigroup Global Markets Holdings Inc.)
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| Issue: | Targets (Targeted Growth Enhanced Terms Securities)
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| Underlying stock: | Cisco Systems Inc.
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| Amount: | $55 million
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| Maturity: | Feb. 15, 2007
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| Interest: | 7.5%, payable quarterly beginning May 15, 2004
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| Price: | Par of $10
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| Payout at maturity: | Par multiplied by product of monthly returns, capped at 5% gain or 10% loss per month
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 26
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| Underwriter: | Citigroup
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| Listing: | "TCY" on American Stock Exchange
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