Citigroup in Offering of Index LASERS Linked to Dow Jones EURO STOXX 50 Index

Cleary Gottlieb represented Citigroup Global Markets as underwriter in Citigroup Global Markets Holdings’ $18.1 million offering of Index LeAding StockmakEt Return Securities (Index LASERSSM) based upon the Dow Jones EURO STOXX 50 Index due March 30, 2009.  

The Index LASERS are debt securities linked to the performance of the Dow Jones EURO STOXX 50 Index, a free-float capitalization-weighted index designed to provide a blue chip representation of 50 market sector leaders in the Eurozone.  Unlike debt securities that pay a fixed amount at maturity, the Index LASERS provide investors a maturity payment that is based on the performance of the Dow Jones EURO STOXX 50 Index during the term of the notes and that may be less than the principal amount of the notes.  The notes offer investors the opportunity to participate in 150% of the appreciation of the index in exchange for bearing the risk of any depreciation of the index.