Published on 3/28/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.55 million 9% reverse exchangeables linked to Qualcomm
By Caroline Salls
Pittsburgh, March 28 - ABN Amro Bank NV priced $1.55 million of one-year 9% reverse exchangeable notes linked to Qualcomm 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
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Underlying stock: | Qualcomm Inc.
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Amount: | $1.55 million
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Maturity: | March 30, 2006
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Coupon: | 9%
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Price: | Par
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Payout at maturity: | Smaller of par in cash or 27.964 shares of Qualcomm stock
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Exchange ratio: | 27.964
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Exchange price: | $35.76 (initial level of Qualcomm stock)
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Call: | Non-callable
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Pricing date: | March 24
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Settlement date: | March 30
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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