American Stock Exchange Lists TARGETS Linked to the Common Stock of Newmont Mining Corporation
December 15 2004 - 11:47AM
PR Newswire (US)
American Stock Exchange Lists TARGETS Linked to the Common Stock of
Newmont Mining Corporation NEW YORK, Dec. 15 /PRNewswire/ -- The
American Stock Exchange(R) (Amex(R)) today began trading 7.5%
Targets Trust XXIII - Targeted Growth Enhanced Terms Securities
(TARGETS(R)), which are linked to the common stock of Newmont
Mining Corporation (NYSE:NEM). The initial offering in these new
three-year securities is 5.5 million shares priced at $10 per
TARGETS with a maturity date of November 15, 2007. The securities
trade under the symbol TZN and the specialist is AGS/STR/OTA.
Targets Trust XXIII is a recently formed Delaware business trust
guaranteed by Citigroup Global Markets Holdings Inc. TARGETS are
preferred securities issued by the trust, which offer a potential
growth and income investment opportunity. TARGETS provide the
growth potential of the underlying stock in any given monthly
period up to an appreciation cap of 5% while limiting a holders
loss to approximately the first 10% of any depreciation in the
price of the common stock in the period between the issue date and
the first reset date and in any subsequent monthly period during
the term of the TARGETS. Although the growth potential of an
investment in TARGETS is capped, TARGETS investors receive
quarterly distributions. At maturity, for each TARGETS the holder
will receive the maturity payment and the final quarterly
distribution. If you would like to receive a copy of the prospectus
for TZN, 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 144
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:
Dan Charnas of American Stock Exchange, +1-212-306-1654, Web site:
http://www.amex.com/
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