Published on 1/19/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2 million 10% reverse exchangeables linked to Micron Technology
By Caroline Salls
Pittsburgh, Jan. 19 - ABN Amro Bank NV priced $2 million of one-year 10% knock-in reverse exchangeable notes linked to Micron Technology Inc. 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: | Micron Technology Inc.
|
Amount: | $2 million
|
Maturity: | Jan. 18, 2006
|
Coupon: | 10%
|
Price: | Par
|
Payout at maturity: | Par in cash if Micron Technology stock never trades at knock-in level or below, otherwise smaller of par in cash or 88.261 shares of Micron Technology stock
|
Knock-in price: | $7.93, 70% of initial price of $11.33
|
Exchange ratio: | 88.261
|
Exchange price: | $11.33
|
Call: | Non-callable
|
Pricing date: | Jan. 12
|
Settlement date: | Jan. 18
|
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.