Published on 6/9/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $3 million 10.25% reverse exchangeables linked to Meridian Gold
New York, June 9 - ABN Amro Bank NV priced $3 million of one-year 10.25% knock-in reverse exchangeable notes linked to Meridian Gold Inc. 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
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| Underlying stock: | Meridian Gold Inc.
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| Amount: | $3 million
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| Maturity: | June 10, 2005
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| Coupon: | 10.25%
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| Price: | Par
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| Payout at maturity: | Par in cash if Meridian Gold stock never trades at knock-in level or below, otherwise smaller of par in cash or 79.491 shares of Meridian Gold stock
|
| Knock-in price: | $8.81, 70% of initial price of $12.58
|
| Exchange ratio: | 49.491
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| Exchange price: | $12.58 (initial level of Meridian Gold stock)
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| Call: | Non-callable
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| Pricing date: | June 7
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| Settlement date: | June 10
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
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