Published on 3/17/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $7.25 million 10% reverse exchangeables linked to Motorola
New York, March 17 - ABN Amro Bank NV priced $7.25 million of one-year 10% reverse exchangeable notes linked to the common stock of Motorola Inc., 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: | Motorola Inc.
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Amount: | $7.25 million
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Maturity: | March 17, 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 58.514 shares of Motorola stock
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Exchange ratio: | 58.514
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Exchange price: | $17.09 (initial level of Motorola stock)
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Call: | Non-callable
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Pricing date: | March 12
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Settlement date: | March 17
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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