Targeted Growth Enhanced Terms SecuritiesSM
Targeted Growth Enhanced Terms SecuritiesSM (TARGETSSM)
Trust-issued preferred stock issued by Smith Barney that provides the growth potential of an underlying stock subject to a quarterly appreciation cap of approximately 20%. TARGETS cannot be redeemed by the holder or called by the issuer prior to the scheduled maturity.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.