New Issue: ABN Amro prices $0.1 million 13.5% reverse convertibles linked to Hess

New York, Sept. 29 - ABN Amro Bank NV priced $0.1 million of 13.5% Knock-In Reverse Exchangeable notes due March 31, 2009 linked to Hess Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Hess shares fall below the protection price of $62.43, 65% of the initial price of $96.05, during the life of the notes and finish below the initial price in which case the payout will be 10.411 shares of Hess stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Hess Corp. (Symbol: HSS)
Amount:	$0.1 million
Maturity:	March 31, 2009
Coupon:	13.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Hess shares fall below the protection price of $62.43, 65% of the initial price, and finish below the initial price, in which case 10.411 shares of Hess stock
Initial price:	$96.05
Protection price:	$62.43, 65% of $96.05
Exchange ratio:	10.411
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	ABN Amro Inc.
Fees:	1.75%

© 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.