New Issue: ABN Amro prices $300,000 32% reverse convertibles linked to Overstock

New York, Aug. 21 - ABN Amro Bank NV priced $300,000 of 32% reverse convertible notes due Nov. 21, 2007 linked to Overstock.com, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Overstock stock falls below the protection price, 80% of the initial price of $20.42, during the life of the notes and finishes below the initial price in which case the payout will be 48.972 shares of Overstock stock.

LaSalle Financial Services is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	Overstock.com, Inc.
Amount:	$300,000
Maturity:	Nov. 21, 2007
Coupon:	32%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Overstock stock falls below the protection price, 80% of the initial price, and finishes below the initial price, in which case 48.972 shares of Overstock stock.
Initial price:	$20.42
Exchange ratio:	48.972
Pricing date:	Aug. 17
Settlement date:	Aug. 22
Agent:	LaSalle Financial Services
Agent fee:	2%

© 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.