Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AT&T Inc. > News item |
ABN Amro to price 9.1% reverse exchangeables linked to AT&T
By E. Janene Geiss
Philadelphia, Oct. 2 - ABN Amro Bank NV plans to price an issue of 9.1% reverse convertible notes due Oct. 31, 2008 linked to AT&T Inc. stock, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless the stock falls below the knock-in price - 85% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of AT&T shares equal to $1,000 divided by the initial share price.
The issue will price on Oct. 26 and settle on Oct. 31.
ABN Amro Inc. is the agent.
© 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.