Published on 4/28/2005 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $11.3 million 2.87% Elks exchangeable for EchoStar
New York, April 28 - Citigroup Global Markets Holdings Inc. priced $11.3 million of one-year 2.87% Elks mandatorily exchangeable for EchoStar Communications Corp. common stock, according to a 424B2 document filed with the Securities and Exchange Commission.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Issue: | Elks mandatorily exchangeable medium-term notes
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| Underlying stock: | EchoStar Communications Corp.
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| Amount: | $11.3 million
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| Maturity: | May 1, 2006
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| Interest: | 2.87%
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| Price: | Par of $29.65
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| Payout at maturity: | 1 share of EchoStar common stock per $29.65 principal amount if EchoStar stock, capped at $37.0625, 25% above initial price
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| Pricing date: | April 22
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| Settlement date: | April 29
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| Underwriter: | Citigroup
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