E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/29/2005 in the Prospect News Convertibles Daily.

New Issue: Citigroup prices $26.5 million 7.5% Targets linked to Motorola

By Jennifer Chiou

New York, Aug. 29 - Citigroup Global Markets Holdings Inc. priced $26.5 million of three-year 7.5% Targets (Targeted Growth Enhanced Terms Securities) linked to Motorola, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:Targets Trust XXV (Citigroup Global Markets Holdings Inc.)
Issue:Targets (Targeted Growth Enhanced Terms Securities)
Underlying stock:Motorola Inc.
Amount:$26.5 million
Maturity:Aug. 15, 2008
Interest:7.5%, payable quarterly (short first coupon)
Price:Par of $10.00
Payout at maturity:Monthly returns of Motorola stock, capped at 4.5% appreciation per month and 11% depreciation per month
Pricing date:Aug. 24
Settlement date:Aug. 30
Underwriter:Citigroup
Listing:"TGM" on American Stock Exchange

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.