Targets Trust Xxiii (AMEX:TZN)
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From Dec 2019 to Dec 2024
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/