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Published on 9/15/2005 in the Prospect News Convertibles Daily.

New Issue: ABN Amro sells $2.7 million 9% reverse exchangeables linked to McDonald's

By Jennifer Chiou

New York, Sept. 15 - ABN Amro Bank NV priced $2.7 million one-year 9% reverse exchangeable notes linked to McDonald's Corp. common stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:ABN Amro Bank NV
Issue:Reverse exchangeable senior medium-term notes, series A
Underlying stock:McDonald's Corp.
Amount:$2.7 million
Maturity:Sept. 14, 2006
Coupon:9%, payable semiannually
Price:Par
Payout at maturity:If McDonald's stock closes below the initial price of $34.14, 29.291 McDonald's shares per $1,000 principal amount; otherwise par in cash
Exchange ratio:29.291
Initial price:$34.14 (closing price of stock on pricing date)
Pricing date:Sept. 9
Settlement date:Sept. 14
Underwriters:ABN Financial Services, Inc., ABN Amro Inc.
Distribution:Off shelf

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