New Issue: ABN Amro prices $0.75 million 17.5% reverse convertibles linked to General Motors

New York, Aug. 14 - ABN Amro Bank NV priced $0.75 million of 17.5% Knock-In Reverse Exchangeable notes due Dec. 11, 2008 linked to General Motors Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless General Motors shares fall below the protection price of $8.11, 50% of the initial price of $16.22, during the life of the notes and finish below the initial price in which case the payout will be 61.652 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. (Symbol: GM)
Amount:	$0.75 million
Maturity:	Dec. 11, 2008
Coupon:	17.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless General Motors shares fall below the protection price of $8.11, 50% of the initial price, and finish below the initial price, in which case 61.652 shares of General Motors stock
Initial price:	$16.22
Protection price:	$8.11, 50% of $16.22
Exchange ratio:	61.652
Pricing date:	June 6
Settlement date:	June 11
Agent:	ABN Amro Inc.

© 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.