New Issue: ABN Amro sells $1 million 11% reverse exchangeables linked to Broadcom

New York, July 8 - ABN Amro Bank NV priced $1 million of one-year 115% knock-in reverse exchangeable notes linked to Broadcom Corp. 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:	Broadcom Corp.
Amount:	$1 million
Maturity:	July 7, 2005
Coupon:	11%
Price:	Par
Payout at maturity:	Par in cash if Broadcom stock never trades at knock-in level or below, otherwise smaller of par in cash or 22.311 shares of Broadcom stock
Knock-in price:	$31.37, 70% of initial price of $44.82
Exchange ratio:	22.311
Exchange price:	$44.82 (initial level of Broadcom stock)
Call:	Non-callable
Pricing date:	July 1
Settlement date:	July 7
Lead manager:	ABN Amro Financial Services
Distribution:	Off shelf

© 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.