New Issue: ABN Amro prices $0.85 million 12.5% reverse convertibles linked to Weyerhaeuser

New York, April 30 - ABN Amro Bank NV priced $0.85 million of 12.5% Knock-In Reverse Exchangeable notes due Oct. 31, 2008 linked to Weyerhaeuser Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Weyerhaeuser stock falls below the protection price of $52.78, 80% of the initial price of $65.97, during the life of the notes and finishes below the initial price in which case the payout will be 15.158 shares of Weyerhaeuser stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Weyerhaeuser Co. (NYSE: WY)
Amount:	$0.85 million
Maturity:	Oct. 31, 2008
Coupon:	12.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Weyerhaeuser stock falls below the protection price of $52.78, 80% of the initial price, and finishes below the initial price, in which case 15.158shares of Weyerhaeuser stock
Initial price:	$65.97
Protection price:	$52.78, 80% of $65.97
Exchange ratio:	15.158
Pricing date:	April 25
Settlement date:	April 30
Agent:	ABN Amro Inc.
Fees:	1.75%

© 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.