Published on 9/27/2007 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.275 million 13.2% reverse convertibles linked to Motorola
New York, Sept. 27 - ABN Amro Bank NV priced $0.275 million of 13.2% Knock-In Reverse Exchangeable notes due Dec. 31, 2007 linked to Motorola, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless Motorola stock falls below the protection price, 90% of the initial price of $18.62, during the life of the notes and finishes below the initial price in which case the payout will be 53.706 shares of Motorola stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable notes
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Underlying stock: | Motorola, Inc.
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Amount: | $0.275 million
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Maturity: | Dec. 31, 2007
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Coupon: | 13.2%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Motorola stock falls below the protection price, 90% of the initial price, and finishes below the initial price, in which case 53.706 shares of Motorola stock.
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Initial price: | $18.62
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Exchange ratio: | 53.706
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Pricing date: | Sept. 25
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Settlement date: | Sept. 28
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Agent: | ABN Amro Inc.
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Agent fee: | 1.375%
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