By Laura Lutz
Des Moines, Dec. 12 - ABN Amro Bank NV priced $2.25 million of 10.5% Knock-in Reverse Exchangeable Securities due June 13, 2008 linked to the common stock of Starbucks Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly.
If Starbucks stock falls below the knock-in price - 70% of the initial share price - during the life of the securities and finishes below the initial share price, the payout at maturity will be a number of Starbucks shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
ABN Amro Inc. is the lead agent.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in Reverse Exchangeable Securities
|
| Underlying stock: | Starbucks Corp. (Symbol: SBUX)
|
| Amount: | $2.25 million
|
| Maturity: | June 13, 2008
|
| Coupon: | 10.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If stock falls below knock-in price during life of securities and finishes below initial price, shares equal to par divided by initial price; otherwise, par
|
| Initial price: | $21.87
|
| Knock-in price: | $15.31, 70% of initial price
|
| Pricing date: | Dec. 11
|
| Settlement date: | Dec. 14
|
| Agent: | ABN Amro Inc.
|
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