Published on 6/15/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $110,000 10.5% reverse exchangeables linked to Monsanto
New York, June 15 - ABN Amro Bank NV priced $110,000 of nine-month 10.5% reverse exchangeable notes linked to Monsanto Co. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
St. Louis-based Monsanto provides agricultural products.
Issuer: | ABN Amro Bank NV
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Issue: | Reverse exchangeable senior medium-term notes, series A
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Underlying stock: | Monsanto Co.
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Amount: | $110,000
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Maturity: | March 15, 2006
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Coupon: | 10.50% annualized, 2.625% per quarter
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Price: | Par
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Payout at maturity: | Smaller of par in cash or 15.684 shares of Monsanto stock
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Exchange ratio: | 15.684
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Initial price: | $63.76 (price of Monsanto stock on pricing date)
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Call: | Non-callable
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Pricing date: | June 10
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Settlement date: | June 15
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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