Published on 7/20/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $3.1 million 11% Knock-In Reverse Exchangeables linked to GM
New York, July 20 - ABN Amro Bank NV priced $3.1 million one-year 11% Knock-In Reverse Exchangeable notes linked to General Motors Corp. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
|
Issue: | Knock-In Reverse Exchangeable senior medium-term notes, series A
|
Underlying stock: | General Motors Corp.
|
Amount: | $3.1 million
|
Maturity: | July 20, 2006
|
Coupon: | 11.00%
|
Price: | Par
|
Payout at maturity: | If GM stock closes below the knock-in price of $25.72 at any time, lower of 27.218 shares of GM stock and par in cash; otherwise par in cash
|
Knock-in price: | $25.72 (70% of initial price)
|
Exchange ratio: | 27.218
|
Exchange price: | $36.74 (closing price of stock on pricing date)
|
Pricing date: | July 15
|
Settlement date: | July 20
|
Underwriters: | ABN Financial Services, Inc., ABN Amro Inc.
|
Distribution: | Off shelf
|
|
© 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.