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
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Issue: | Reverse exchangeable senior medium-term notes, series A
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Underlying stock: | McDonald's Corp.
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Amount: | $2.7 million
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Maturity: | Sept. 14, 2006
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Coupon: | 9%, payable semiannually
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Price: | Par
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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
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Exchange ratio: | 29.291
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Initial price: | $34.14 (closing price of stock on pricing date)
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Pricing date: | Sept. 9
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Settlement date: | Sept. 14
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Underwriters: | ABN Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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