Published on 10/5/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.15 million 14% reverse exchangeables linked to Apple Computer
Pittsburgh, Oct. 5 - ABN Amro Bank NV priced $1.15 million of nine-month 14% reverse exchangeable notes linked to Apple Computer Inc. 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: | Apple Computer Inc.
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Amount: | $1.15 million
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Maturity: | July 6, 2005
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Coupon: | 14%
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Price: | Par
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Payout at maturity: | Smaller of par in cash or 25.860 shares of Apple Computer stock
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Exchange ratio: | 25.860
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Exchange price: | $38.67 (initial level of Apple Computer stock)
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Call: | Non-callable
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Pricing date: | Oct. 1
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Settlement date: | Oct. 6
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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