Published on 10/26/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $0.55 million 10.25% reverse exchangeables linked to Marvell
New York, Oct. 26 - ABN Amro Bank NV priced $0.55 million of one-year 10.25% knock-in reverse exchangeable notes linked to Marvell Technology Group Ltd. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
|
Issue: | Knock-in reverse exchangeable senior medium-term notes
|
Underlying stock: | Marvell Technology Group Ltd.
|
Amount: | $0.55 million
|
Maturity: | Oct. 27, 2005
|
Coupon: | 10.25%
|
Price: | Par
|
Payout at maturity: | Par in cash if Marvell stock never trades at knock-in level or below, otherwise smaller of par in cash or 35.600 shares of Marvell stock
|
Knock-in price: | $19.66, 70% of initial price of $28.09
|
Exchange ratio: | 35.600
|
Exchange price: | $28.09 (initial level of Marvell stock)
|
Call: | Non-callable
|
Pricing date: | Oct. 22
|
Settlement date: | Oct. 27
|
Lead manager: | ABN Amro Financial Services
|
Distribution: | Off shelf
|
|
© 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.