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AMEX LAUNCHES TRADING IN SALOMON ELKS LINKED TO AMGEN COMMON STOCK

 NEW YORK, Jan. 6 /PRNewswire/ -- The American Stock Exchange today opened trading in 1,300,000 Salomon Inc Equity-Linked Securities(sm) (ELKS) tied to Amgen common stock. Trading under ticker symbol AEK, the securities carry an annual interest rate of 6.50%, based on an issue price of $49. Interest payments are made quarterly, the first due on May 1, 1994.
 AEK began trading at 49 on volume of 14,000 ELKS. AIM Securities, Inc. is the specialist unit for the new equity-linked term notes.
 The securities, expiring on February 1, 1997, are underwritten by Salomon Brothers Inc and Prudential Securities Incorporated.
 Equity-linked term notes differ from ordinary debt securities in that the principal amount to be paid at maturity is not fixed, but is based upon changes in the price of the underlying linked stock. At maturity, the holder of an AEK will receive the lesser of either 140% of the issue price, or the average closing price per share of Amgen common stock for the ten trading days immediately prior to maturity.
 Amgen Inc., based in Thousand Oaks, Calif., is neither affiliated with the issuer nor involved in any way in the offering.
 This listing marks the second offering of debt securities tied to the movement of Amgen common stock and the seventh offering of equity- linked term notes to be traded on the Exchange. Previously, equity- linked term notes based on the stock movement of Microsoft Corporation, Hewlett-Packard Company, Digital Equipment Corporation, and two on Oracle Systems Corporation were listed.
 A leader in derivative securities, the Amex has long been considered a pioneer in developing and introducing new investment products. Domestically, the Exchange is the home of Standard & Poor's Depositary Receipts (tm), SPDRs (tm) (pronounced "SPIDERS").
 Internationally, the Amex is the only U.S. marketplace that trades warrants based on the Amex Hong Kong 30 Index and London's Financial Times Eurotrack 200 Index. It is also the only U.S. marketplace that trades single and multiple currency warrants based on the value of the U.S. dollar in relation to the Japanese yen, German mark and the British pound.
 -0- 1/6/94
 /CONTACT: Kathleen Fitzpatrick of American Stock Exchange, 212-306-1697/
 (AMGN)


CO: American Stock Exchange; Amgen Inc. ST: California IN: MTC FIN SU:

LG -- NY048 -- 9715 01/06/94 11:18 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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