New Issue: ABN Amro sells $0.75 million 12.25% Knock-In Reverse Exchangeables linked to Sears

By Jennifer Chiou

New York, Jan. 4 - ABN Amro Bank NV priced $0.75 million one-year 12.25% Knock-In Reverse Exchangeable notes linked to Sears Holding Corp. stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term notes, series A
Underlying stock:	Sears Holding Corp.
Amount:	$0.75 million
Maturity:	Dec. 29, 2006
Coupon:	12.25%
Price:	Par
Payout at maturity:	If Sears stock closes below the knock-in price of $95.87 at any time, lower of 8.344 Sears shares and par in cash; otherwise par in cash
Knock-in price:	$95.87 (80% of initial price)
Exchange ratio:	8.344
Exchange price:	$119.84 (closing price of stock on pricing date)
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Underwriters:	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.