Published on 6/29/2009 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.102 million 12% reverse convertibles linked to ConocoPhillips
New York, June 29 - ABN Amro Bank NV priced $0.102 million of 12% Knock-In Reverse Exchangeable notes due Sept. 30, 2009 linked to ConocoPhillips shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless ConocoPhillips shares fall below the protection price of $33.41, 80% of the initial price of $41.76, during the life of the notes and finish below the initial price in which case the payout will be 23.946 shares of ConocoPhillips stock.
ABN Amro Inc. is the agent.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-In Reverse Exchangeable notes
|
| Underlying stock: | ConocoPhillips (Symbol: COP)
|
| Amount: | $0.102 million
|
| Maturity: | Sept. 30, 2009
|
| Coupon: | 12%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par in cash unless ConocoPhillips shares fall below the protection price of $33.41, 80% of the initial price, and finish below the initial price, in which case 23.946 shares of ConocoPhillips stock
|
| Initial price: | $41.76
|
| Protection price: | $33.41, 80% of $41.76
|
| Exchange ratio: | 23.946
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | ABN Amro Inc.
|
| Fees: | 1.375%
|
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