Citigroup Global Markets, Inc.

Vincent Vignale

John Dickey

Stanley Louie

Adam Dohrenwend

Daniel Khouri

Peter Jurdjevic

Jee-Won Yang

Michael Regan

Laura Stephenson

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

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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New York, NY, United States of America

Vincent Vignale