American Stock Exchange Lists ELKS Linked to Genentech, Inc.
25 Août 2004 - 7:39PM
PR Newswire (US)
American Stock Exchange Lists ELKS Linked to Genentech, Inc. NEW
YORK, Aug. 25 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today began trading Citigroup Global Markets 7.5 % Equity
Linked Securities (ELKS) linked to Genentech, Inc. Trading under
the ticker symbol EKG, 1.8 million shares of the new one-year
securities were issued at $10 each with a maturity date of August
30, 2005. The security will bear an annual coupon of 7.5 % based on
the initial offering price of $10. The coupon will be payable
February 28, 2005 and again on August 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 Genentech, Inc. common stock,
or; * $10 in cash. The securities are issued by Citigroup Global
Markets. The Amex specialist unit is Kellogg Capital Group. If you
would like to receive a copy of the prospectus for EKG, please
contact the Capital Markets Group at the American Stock Exchange at
(212) 306-1855. 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:
Media - Lynn Duffy, American Stock Exchange, +1-212-306-1654, Web
site: http://www.amex.com/
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