Published on 5/12/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.4 million 10% reverse exchangeables linked to Apple
New York, May 12 - ABN Amro Bank NV priced $1.4 million of one-year 10% reverse exchangeable notes linked to the common stock of Apple Computer 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: | Apple Computer Inc.
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Amount: | $1.4 million
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Maturity: | May 12, 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 37.495 Apple shares
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Exchange ratio: | 37.495
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Exchange price: | $26.67 (initial level of Apple stock)
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Call: | Non-callable
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Pricing date: | May 7
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Settlement date: | May 12
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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