Published on 8/28/2003 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $4 million 14.50% reverse exchangeables linked to E*Trade
New York, Aug. 28 - ABN Amro Bank NV priced $4 million 14.50% reverse exchangeable notes linked to E*Trade Group, Inc. stock, according to a filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Reverse exchangeable senior medium-term notes
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Amount: | $4.00 million
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Maturity: | Sept. 2, 2004
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Coupon: | 14.50%
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Price: | Par
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Payout at maturity: | Smaller of stock at exchange ratio, paid in stock, or par in cash
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Exchange ratio: | 109.170 shares of E*Trade Group, Inc. stock
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Exchange price: | $9.16 (price of E*Trade Group, Inc. stock on pricing date)
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Pricing date: | Aug. 27
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Settlement: | Sept. 2
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Lead manager: | ABN Amro Financial Services
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