Published on 4/22/2009 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.139 million 12.5% reverse convertibles linked to Dell
New York, April 22 - ABN Amro Bank NV priced $0.139 million of 12.5% Knock-In Reverse Exchangeable notes due Oct. 23, 2009 linked to Dell Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless Dell shares fall below the protection price of $6.33, 60% of the initial price of $10.55, during the life of the notes and finish below the initial price in which case the payout will be 94.787 shares of Dell stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable notes
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Underlying stock: | Dell Inc. (Symbol: DELL)
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Amount: | $0.139 million
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Maturity: | Oct. 23, 2009
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Coupon: | 12.5%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Dell shares fall below the protection price of $6.33, 60% of the initial price, and finish below the initial price, in which case 94.787 shares of Dell stock
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Initial price: | $10.55
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Protection price: | $6.33, 60% of $10.55
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Exchange ratio: | 94.787
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Pricing date: | April 21
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Settlement date: | April 24
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Agent: | ABN Amro Inc.
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Fees: | 2.5%
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