New Issue: ABN Amro prices $1 million 14.75% reverse convertibles linked to Valero Energy

New York, March 31 - ABN Amro Bank NV priced $1 million of 14.75% Knock-In Reverse Exchangeable notes due June 30, 2008 linked to Valero Energy Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Valero Energy stock falls below the protection price of $39.14, 80% of the initial price of $48.93, during the life of the notes and finishes below the initial price in which case the payout will be 20.437shares of Valero Energy stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Valero Energy Corp.
Amount:	$1 million
Maturity:	June 30, 2008
Coupon:	14.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Valero Energy stock falls below the protection price of $39.14, 80% of the initial price, and finishes below the initial price, in which case 20.437 shares of Valero Energy stock
Initial price:	$48.93
Protection price:	$39.14, 80% of $48.93
Exchange ratio:	20.437
Pricing date:	March 26
Settlement date:	March 31
Agent:	ABN Amro Inc.
Fees:	1.375%

© 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.