Published on 4/1/2008 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.4 million 17% reverse convertibles linked to General Motors
New York, April 1 - ABN Amro Bank NV priced $0.4 million of 17% Knock-In Reverse Exchangeable notes due March 31, 2009 linked to General Motors Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless General Motors stock falls below the protection price of $11.69, 60% of the initial price of $19.48, during the life of the notes and finishes below the initial price in which case the payout will be 51.335 shares of General Motors stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
|
Issue: | Knock-In Reverse Exchangeable notes
|
Underlying stock: | General Motors Corp.
|
Amount: | $0.4 million
|
Maturity: | March 31, 2009
|
Coupon: | 17%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par in cash unless General Motors stock falls below the protection price of $11.69, 60% of the initial price, and finishes below the initial price, in which case 51.335 shares of General Motors stock
|
Initial price: | $19.48
|
Protection price: | $11.69, 60% of $19.48
|
Exchange ratio: | 51.335
|
Pricing date: | March 26
|
Settlement date: | March 31
|
Agent: | ABN Amro Inc.
|
Fees: | 2.5%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.