Citigroup Global Markets, Inc.

Stanley Louie

John Dickey

Adam Dohrenwend

Vincent Vignale

Peter Jurdjevic

Daniel Khouri

Rick Caplan

Marcy Engel

Steve Incontro

Frank Pertusiello

Michael Regan

Laura Stephenson

Jee-Won Yang

The present invention relates to a method and system for offering mandatorily convertible securities (e.g., DECS) with associated forward purchase contracts and call options. Each mandatorily convertible security combines a forward purchase contract, a mandatory portable remarketable security, and a call option to form a single investment unit. The call option provides additional capital to the issuer of the investment unit and profits to the remarketing agent handling the mandatory portable remarketable security.

Method and system for providing mandatorily convertible securities with associated call options

A system and method for issuing letters of credit. The system and method issue a first letter of credit from a second party to a third party, and issue at least one second letter of credit from the third party to at least one fourth party. The system and method also provide a credit facility from the second party to a first party, the credit facility associated with the first and second letters of credit. The system and method also transfer credit risk from the credit facility to at least one fifth party under a participation agreement.

Method and system for issuing letters of credit

Securities, methods for raising capital using such securities, and systems for managing such securities are provided. The securities provide protection in bankruptcy to investors for a portion of deferred distributions earned by the investor on the security. The security may also provide a call protection period with limitations on capital replacement, and optional and/or mandatory deferral of distributions.

Hybrid securities and methods for their issuance

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Brooklyn, NY, United States of America

Stanley Louie