American Stock Exchange Lists ELKS Linked to Five Common Stocks
25 November 2003 - 4:43AM
PR Newswire (US)
American Stock Exchange Lists ELKS Linked to Five Common Stocks NEW
YORK, Nov. 24 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today began trading Citigroup Global Markets 11% Equity
Linked Securities (ELKS) linked to a basket of five common stocks
[Cisco Systems Inc., Kohl's Corporation, Merck & Co., Inc., The
Coca-Cola Company and Wells Fargo & Co.], under the ticker
symbol EBZ. 3.75 million shares of the new one-year securities were
issued at $10 each with a maturity date of November 29, 2004. The
security will bear an annual coupon of 11% based on the initial
offering price of $10. The coupon will be payable on May 26, 2004
and November 29, 2004. 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 securities. The
maturity payment for each ELKS will equal either: -- A fixed number
of shares of one of the stock, in the underlying basket or; -- $10
in cash. The securities are issued by Citigroup Global Markets. The
Amex specialist unit is AGS/STR/OTA. If you would like to receive a
copy of the prospectus for EBZ, 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 126 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 Teresky of
American Stock Exchange, +1-212-306-1654, Web site:
http://www.amex.com/
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