Published on 11/14/2007 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $2.4 million 9.5% reverse convertibles linked to Walt Disney
New York, Nov. 14 - ABN Amro Bank NV priced $2.4 million of 9.5% Knock-In Reverse Exchangeable notes due May 15, 2008 linked to Walt Disney Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless Walt Disney stock falls below the protection price of $24.56, 75% of the initial price of $32.74, during the life of the notes and finishes below the initial price in which case the payout will be 30.544 shares of Walt Disney stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable notes
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Underlying stock: | Walt Disney Co.
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Amount: | $2.4 million
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Maturity: | May 15, 2008
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Coupon: | 9.5%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Walt Disney stock falls below the protection price of $24.56, 75% of the initial price, and finishes below the initial price, in which case 30.544 shares of Walt Disney stock.
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Initial price: | $32.74
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Protection price: | $24.56, 75% of $32.74
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Exchange ratio: | 30.544
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Pricing date: | Nov. 9
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Settlement date: | Nov. 15
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Agent: | ABN Amro Inc.
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Agent fee: | 2.25%
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