Published on 10/20/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $5 million 11.25% reverse exchangeables linked to Altria Group
Pittsburgh, Oct. 20 - ABN Amro Bank NV priced $5 million of nine-month 11.25% reverse exchangeable notes linked to Altria Group Inc. common stock, according to a 424B3 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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Underlying stock: | Altria Group Inc.
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Amount: | $5 million
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Maturity: | July 20, 2005
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Coupon: | 11.25%
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Price: | Par
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Payout at maturity: | Smaller of par in cash or 21.115 shares of Altria Group stock
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Exchange ratio: | 21.115
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Exchange price: | $47.36 (initial level of Altria Group stock)
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Call: | Non-callable
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Pricing date: | Oct. 15
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Settlement date: | Oct. 20
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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