Published on 9/29/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $5.7 million 10% reverse exchangeables linked to Charles Schwab
Pittsburgh, Sept. 29 - ABN Amro Bank NV priced $5.7 million of one-year 10% reverse exchangeable notes linked to Charles Schwab Corp. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV |
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Issue: | Reverse exchangeable senior medium-term notes
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Underlying stock: | The Charles Schwab Corp.
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Amount: | $5.7 million
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Maturity: | Sept. 29, 2005
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Coupon: | 10%
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Price: | Par
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Payout at maturity: | Smaller of par in cash or 109.890 shares of Charles Schwab stock
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Exchange ratio: | 109.890
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Exchange price: | $9.10 (initial level of Charles Schwab stock)
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Call: | Non-callable
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Pricing date: | Sept. 24
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Settlement date: | Sept. 29
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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