Published on 8/27/2003 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $15.75 million 11.25% reverse exchangeables linked to General Motors
New York, Aug. 27 - ABN Amro Bank NV priced $15.75 million reverse exchangeable notes linked to General Motors Corp. 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: | $15.75 million
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| Maturity: | Aug. 27, 2004
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| Coupon: | 11.25%
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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: | 25.602 shares of General Motors Corp. stock
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| Exchange price: | $39.06 (price of General Motors Corp. stock on pricing date)
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| Pricing date: | Aug. 26
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| Settlement: | Aug. 29
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| Lead manager: | ABN Amro Financial Services
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