By Jennifer Chiou
New York, May 23 - ABN Amro Bank NV priced $1.65 million of 36.5% annualized Knock-in Reverse Exchangeable notes due Aug. 24, 2007 linked to ValueClick Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable at maturity.
The payout at maturity, in addition to interest, will be par unless ValueClick stock falls below the knock-in price during the life of the notes and finishes below the initial share price, in which case the payout will be a number of ValueClick shares equal to $1,000 divided by the initial share price.
ABN Amro Inc. is the agent.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in Reverse Exchangeable senior medium-term notes
|
| Underlying stock: | ValueClick Inc.
|
| Amount: | $1.65 million
|
| Maturity: | Aug. 24, 2007
|
| Coupon: | 36.5% annualized, payable at maturity
|
| Price: | Par
|
| Payout at maturity: | If ValueClick stock falls below the knock-in price during the life of the notes and finishes below the initial share price, 29.163 ValueClick shares; otherwise, par
|
| Initial share price: | $34.29
|
| Knock-in price: | $27.43, 80% of initial share price
|
| Exchange ratio: | 29.163
|
| Pricing date: | May 21
|
| Settlement date: | May 24
|
| Agent: | ABN Amro Inc.
|
| Fees: | 1.35%
|
| Distribution: | Off shelf
|
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