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Technology Stocks
ssb - Internet Sector Index stock
An SI Board Since June 1999
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Emcee:  blankmind Type:  Unmoderated
Simialr to dia, qqq, spy,... but this stock tracks internet index, but with one lareg upside. if the index rises,,

you receive your $10 + ( $10 x (Ending Value - 550.30)/550.30),
if the index falls, the worse you do is they pay you $9 in seven years.

This might represent a nice way to purchase the large internet stocks, without the worries. Read the PR newswire story and do your own dd:

Salomon Smith Barney Notes Tied to Internet Sector Index Begin Trading on the Amex

Wednesday May 26, 11:06 am Eastern Time
Company Press Release
SOURCE: The American Stock Exchange

New $65 Million Issue Offers Investors Upside Participation on Broad Internet Indicator
NEW YORK, May 26 /PRNewswire/ -- The American Stock Exchange today began trading Salomon Smith Barney Holdings Inc. Callable Equity Linked Notes based upon Internet Sector Index. Trading under the ticker symbol SSB, the new seven-year securities were issued at $10 each and mature on May 30, 2006.

The notes offer upward participation in Internet Sector Index, a market indicator designed to measure the average performance of a group of stocks within the Internet sector. If at maturity Internet Sector Index has increased from its Starting Value of 550.30, holders of SSB are entitled to receive the principle amount of $10 plus or minus a Supplemental Redemption Amount to be calculated by the following formula:

$10 x (Ending Value - 550.30) divided by 550.30

Holders will not receive less than 90% of the initial principal amount of their Notes ($9.00 per Note) at maturity.

The Issuer may redeem the Notes during certain specified periods prior to the maturity date, beginning in 2002. In the event the Issuer redeems the Notes, holders will receive only the specified Call Price and not the $10 principal amount or any Supplemental Redemption Amount.

The issuer for the new security is Salomon Smith Barney Holdings Inc. The underwriter for the new listing is Salomon Smith Barney and the Amex Specialist unit is Spear, Leeds & Kellogg. Internet Sector Index (ticker symbol: DOT) is an equal-dollar weighted index intended to measure the average performance of a group of stocks that are involved in internet commerce, service and software. Index components include the following stocks:

AMZN, Inc. LCOS Lycos Inc.
AOL America Online Inc. MACR Macromedia Inc.
ATHM At Home Corp. MSPG MindSpring Enterprises
BVSN BroadVision Inc. NETA Network Associates Inc.
CHKP Check Point Software
Technologies ONSL ONSALE Inc.

CMGI CMG Information Services Inc. OMKT Open Market Inc.

EGGS Inc. RNWK RealNetworks Inc.

XCIT Excite Inc. SDTI Security Dynamics

SEEK Infoseek Corporation USWB USWeb Corp.

INKT Inktomi Communications YHOO Yahoo! Inc.

The Amex trades options on 29 broad-based and sector indexes and 1,107 domestic and foreign stocks, as well as Long-term Equity AnticiPation Securities® (LEAPS®) on 121 stocks. Amex is a leader in listing warrants on indexes, hybrid instruments and other structured products. The Amex is home to the Index Share(TM) Marketplace, which includes SPDRs®, Select Sector SPDRs®, DIAMONDS(SM), MidCap SPDRs(TM), WEBS(TM) and Nasdaq-100 Shares(SM).

The Nasdaq-Amex Market Group(SM), which operates The Nasdaq Stock Market® and the American Stock Exchange®, is a subsidiary of the National Association of Securities Dealer, Inc. (NASD®), the largest securities-industry, self-regulatory organization in the United States. The union of Nasdaq® and Amex® creates the world's first financial market that brings together central auction specialist and multiple Market Maker systems.

For more information about The Nasdaq-Amex Market Group, visit the Nasdaq-Amex Web site at or the Nasdaq-Amex Newsroom(SM) at

SOURCE: The American Stock Exchange
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ReplyMessage PreviewFromRecsPosted
11 year 2004, the callable price is 22.50. they call. your stock broker will electblankmind-6/21/1999
10 Hi again. Right. so here's my question... it's the year 2004 and the iIVAN1-6/21/1999
9 i am sorry, i was thinking of something else, yes you are correct, on them beiblankmind-6/20/1999
8 Hi. thanks so much for your answer! Not to be a bore, but let me press ahead siIVAN1-6/20/1999
7 1. correct, you purchase ssb just like a stock. it has a bid and ask. 2. if thblankmind-6/20/1999
6 A question about SSB I understand the SSB concept very well but don't get IVAN1-6/20/1999
5 dot at 576. if the nets have turned ssb will now begin to reflect the price, siblankmind-6/17/1999
4 dot index at 549. 550 would make ssb worth 10. if net's are turnings, this blankmind-6/16/1999
3 ssb worth 10 1/3 currently 10 1/8. the premium continues to disappear, but at lblankmind-6/10/1999
2 FAQs About the TSC Internet Sector Index and the TSC E-Commerce Index thestreeblankmind-6/9/1999
1 What companies make up Internet Sector index? Intblankmind-6/9/1999
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