New Issue: ABN Amro prices $3 million 10.75% reverse convertibles linked to Caterpillar

New York, Oct. 30 - ABN Amro Bank NV priced $3 million of 10.75% Knock-In Reverse Exchangeable notes due Oct. 31, 2008 linked to Caterpillar Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Caterpillar stock falls below the protection price of $56.28, 75% of the initial price of $75.04, during the life of the notes and finishes below the initial price in which case the payout will be 13.326 shares of Caterpillar stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Caterpillar Inc.
Amount:	$3 million
Maturity:	Oct. 31, 2008
Coupon:	10.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Caterpillar stock falls below the protection price of $56.28, 75% of the initial price, and finishes below the initial price, in which case 13.326 shares of Caterpillar stock.
Initial price:	$75.04
Protection price:	$56.28, 75% of $75.04
Exchange ratio:	13.326
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	ABN Amro Inc.
Agent fee:	2.5%

© 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.