Published on 5/23/2006 in the Prospect News Convertibles Daily.
New Issue: ABN Amro prices $1.8 million 9.25% Knock-In Reverse Exchangeables linked to Motorola
By Jennifer Chiou
New York, May 23 - ABN Amro Bank NV priced a $1.8 million issue of 9.25% Knock-In Reverse Exchangeable notes due May 24, 2007 linked to Motorola, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
|
Issue: | Knock-In Reverse Exchangeable senior medium-term series A notes
|
Underlying stock: | Motorola, Inc.
|
Amount: | $1.8 million
|
Maturity: | May 24, 2007
|
Coupon: | 9.25%, payable quarterly
|
Price: | Par
|
Payout at maturity: | If Motorola stock closes below the knock-in price during the life of the notes and finishes below the initial price, 48.972 shares of Motorola stock; otherwise par in cash
|
Initial stock price: | $20.42
|
Knock-in price: | $17.36, 85% of initial price
|
Exchange ratio: | 48.972 shares, at maturity
|
Pricing date: | May 19
|
Settlement date: | May 24
|
Agents: | LaSalle Financial Services Inc., ABN Amro Inc.
|
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.