Published on 8/11/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2.57 million 8% reverse exchangeables linked to Dow Chemical
New York, Aug. 11 - ABN Amro Bank NV priced $2.57 million of nine-month 8% reverse exchangeable notes linked to Dow Chemical Co. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Reverse exchangeable senior medium-term notes
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| Underlying stock: | Dow Chemical Co.
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| Amount: | $2.57 million
|
| Maturity: | May 11, 2005
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| Coupon: | 8%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Smaller of par in cash or 25.988 shares of Dow Chemical stock
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| Exchange ratio: | 25.988
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| Exchange price: | $38.48 (initial level of Dow Chemical stock)
|
| Call: | Non-callable
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| Pricing date: | Aug. 6
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| Settlement date: | Aug. 11
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| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
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