New Issue: ABN Amro sells $8.5 million 10% reverse exchangeables linked to Schwab

New York, Jan. 21 - ABN Amro Bank NV priced $8.5 million of one-year 10% reverse exchangeable notes linked to Charles Schwab Corp. stock, according to a filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Reverse exchangeable senior medium-term notes
Underlying stock:	Charles Schwab Corp.
Amount:	$8.5 million
Maturity:	Jan. 21, 2005
Coupon:	10%
Price:	Par
Payout at maturity:	Smaller of par in cash or 74.738 shares of Charles Schwab stock
Exchange ratio:	74.738
Exchange price:	$13.38 (initial level of Charles Schwab stock)
Call:	Non-callable
Pricing date:	Jan. 16
Settlement date:	Jan. 22
Lead manager:	ABN Amro Financial Services
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.