Published on 1/27/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $800,000 9.75% reverse exchangeables linked to Sun Microsystems
By Caroline Salls
Pittsburgh, Jan. 27 - ABN Amro Bank NV priced $800,000 of nine-month 9.75% knock-in reverse exchangeable notes linked to Sun Microsystems Inc. common 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
|
| Underlying stock: | Sun Microsystems Inc.
|
| Amount: | $800,000
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| Maturity: | Oct. 26, 2005
|
| Coupon: | 9.75%
|
| Price: | Par
|
| Payout at maturity: | Par in cash if Sun Microsystems stock never trades at knock-in level or below, otherwise smaller of par in cash or 239.808 shares of Sun Microsystems stock
|
| Knock-in price: | $2.92, 70% of initial price of $4.17
|
| Exchange ratio: | 239.808
|
| Exchange price: | $4.17
|
| Call: | Non-callable
|
| Pricing date: | Jan. 21
|
| Settlement date: | Jan. 26
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
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