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Published on 12/15/2004 in the Prospect News Convertibles Daily.

New Issue: Citigroup prices $74.69 million 7.6% Elks exchangeable for Motorola

New York, Dec. 15 - Citigroup Global Markets Holdings Inc. priced $74.69 million one-year 7.6% Elks (Equity Linked Securities) exchangeable for Motorola Inc. common stock, according to a 424B3 document filed Monday with the Securities and Exchange Commission.

Issuer:Citigroup Global Markets Holdings Inc.
Issue:Elks (Equity Linked Securities) medium-term notes
Underlying stock:Motorola Inc.
Amount:$74.691 million
Maturity:Jan. 6, 2006
Interest:7.6%
Price:Par of $17.37
Payout at maturity:1 share of Motorola stock, capped at $20.00 or 115.15% of initial price, in cash or stock at Citigroup's option
Pricing date:Dec. 9
Settlement date:Dec. 16
Underwriter:Citigroup

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