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TZN 7.5% Newmont Mining Targets

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Share Name Share Symbol Market Type
7.5% Newmont Mining Targets AMEX:TZN AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

American Stock Exchange Lists TARGETS Linked to the Common Stock of Newmont Mining Corporation

15/12/2004 5:47pm

PR Newswire (US)


Targets Trust Xxiii (AMEX:TZN)
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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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