American Stock Exchange Lists ELKS Linked to Newmont Mining Corporation
27 March 2004 - 4:02AM
PR Newswire (US)
American Stock Exchange Lists ELKS Linked to Newmont Mining
Corporation NEW YORK, March 26 /PRNewswire/ -- The American Stock
Exchange(R) (Amex(R)) today began trading Citigroup Global Markets
7% Equity Linked Securities (ELKS) linked to Newmont Mining
Corporation, under the ticker symbol EKN. 8.5 million shares of the
new one-year securities were issued at $10 each with a maturity
date of March 31, 2005. The security will bear an annual coupon of
7 % based on the initial offering price of $10. The coupon will be
payable September 30, 2004 and March 31, 2005. The ELKS are not
subject to redemption by any holder prior to maturity. The value of
the ELKS at maturity will be based on the performance of the
underlying security. The maturity payment for each ELKS will equal
either: * A fixed number of shares of Newmont Mining Corporation
common stock, or; * $10 in cash. The securities are issued by
Citigroup Global Markets. The Amex specialist unit is Wolverine
Trading LLP. If you would like to receive a copy of the prospectus
for EKN, please contact the Capital Markets Group at the American
Stock Exchange at (212) 306-1659. The American Stock Exchange(R)
(Amex(R)) is the only primary exchange that offers trading across a
full range of equities, options and exchange traded funds (ETFs),
including structured products and HOLDRS(SM). In addition to its
role as a national equities market, the Amex is the pioneer of the
ETF, responsible for bringing the first domestic product to market
in 1993. Leading the industry in ETF listings, the Amex lists 138
ETFs. The Amex is also one of the largest options exchanges in the
U.S., trading options on broad-based and sector indexes as well as
domestic and foreign stocks. For more information, please visit
http://www.amex.com/. DATASOURCE: American Stock Exchange CONTACT:
Lynn Duffy of the American Stock Exchange, +1-212-306-1654, Web
site: http://www.amex.com/
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