Published on 8/10/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $3.7 million 9% reverse exchangeables linked to Motorola
By Jennifer Chiou
New York, Aug. 10 - ABN Amro Bank NV priced $3.7 million nine-month 9% reverse exchangeable notes linked to Motorola, Inc. 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: | Motorola, Inc.
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Amount: | $3.7 million
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Maturity: | May 10, 2006
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Coupon: | 9%
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Price: | Par
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Payout at maturity: | If Motorola stock closes below the initial price of $21.57, 46.361 Motorola shares per $1,000 principal amount; otherwise par in cash
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Exchange ratio: | 46.361
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Initial price: | $21.57 (closing price of stock on pricing date)
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Pricing date: | Aug. 5
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Settlement date: | Aug. 10
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Underwriters: | ABN Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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