American Stock Exchange Lists ELKS Linked to Yahoo! Inc.
26 June 2004 - 4:01AM
PR Newswire (US)
American Stock Exchange Lists ELKS Linked to Yahoo! Inc. NEW YORK,
June 25 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
today began trading Citigroup Global Markets 10% Equity Linked
Securities (ELKS) linked to Yahoo! Inc. Trading under the ticker
symbol EKY, 5 million shares of the new one-year securities were
issued at $10 each with a maturity date of June 30, 2005. The
security will bear an annual coupon of 10% based on the initial
offering price of $10. The coupon will be payable December 30, 2004
and June 30, 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 Yahoo! Inc. 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 EKY, 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: The
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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