Published on 3/28/2006 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $0.75 million 10.05% Knock-In Reverse Exchangeables linked to Charles Schwab
By Jennifer Chiou
New York, March 28 - ABN Amro Bank NV priced $0.75 million of 10.05% Knock-In Reverse Exchangeable notes due March 29, 2007 linked to The Charles Schwab Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable senior medium-term series A notes
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Underlying stock: | The Charles Schwab Corp.
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Amount: | $0.75 million
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Maturity: | March 29, 2007
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Coupon: | 10.05%, payable quarterly
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Price: | Par
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Payout at maturity: | If Charles Schwab stock closes below the knock-in price of $14.78 at any time, 57.504 shares of Charles Schwab stock; otherwise par in cash
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Exchange price: | $17.39 (closing price of stock on pricing date)
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Knock-in price: | $14.78 (85% of initial price)
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Exchange ratio: | 57.504 at maturity
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Pricing date: | March 24
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Settlement date: | March 29
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Lead managers: | LaSalle Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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