E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/10/2007 in the Prospect News Structured Products Daily.

ABN Amro to price 16% knock-in notes linked to Goldcorp

By Jennifer Chiou

New York, Aug. 10 - ABN Amro Bank NV plans to price 16% annualized Knock-in Reverse Exchangeable Securities due Feb. 29, 2008 linked to the common stock of Goldcorp Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The securities will price on Aug. 27 and settle on Aug. 30.

Interest will be payable monthly.

The payout at maturity will be par unless Goldcorp stock falls below the knock-in level - 80% of the initial share price - during the life of the securities and finishes below the initial share price, in which case the payout will be a number of Goldcorp shares equal to $1,000 divided by the initial share price.

LaSalle Financial Services, Inc. will be the agent.


© 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.