Published on 9/17/2002 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $7.5 million 14% reverse exchangeables linked to Intel
New York, Sept. 17 - ABN Amro Bank NV sold $7.5 million of 14% reverse exchangeable securities due 2004 linked to the common stock of Intel Corp., according to a 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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Amount: | $7.5 million
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Maturity: | March 18, 2004
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Coupon: | 14%, payable semi-annually beginning March 18, 2003
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Price: | Par
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Exchange ratio: | 62.383
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Payout at maturity: | Exchange for Intel Corp. stock if Intel stock closes below $16.03 on third business day before maturity, otherwise par in cash ($16.03 is closing level of Intel stock on pricing date)
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Lead manager: | ABN Amro Financial Services Inc.
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Pricing date: | Sept. 13
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Settlement: | Sept. 18
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Listing: | "REX.W" on American Stock Exchange
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