New Issue: ABN Amro prices $1.5 million 18% reverse convertibles linked to Seabridge Gold

New York, Oct. 23 - ABN Amro Bank NV priced $1.5 million of 18% Knock-In Reverse Exchangeable notes due April 23, 2008 linked to Seabridge Gold Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Seabridge Gold stock falls below the protection price of $22.86, 60% of the initial price of $38.10, during the life of the notes and finishes below the initial price in which case the payout will be 26.247 shares of Seabridge Gold stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Seabridge Gold Inc.
Amount:	$1.5 million
Maturity:	April 23, 2008
Coupon:	18%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Seabridge Gold stock falls below the protection price of $22.86, 60% of the initial price, and finishes below the initial price, in which case 26.247 shares of Seabridge Gold stock.
Initial price:	$38.10
Protection price:	$22.86, 60% of $38.10
Exchange ratio:	26.247
Pricing date:	Oct. 18
Settlement date:	Oct. 23
Agent:	ABN Amro Inc.
Agent fee:	3%

© 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.