Published on 11/10/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.01 million 9.3% reverse exchangeables linked to QLogic
New York, Nov. 10 - ABN Amro Bank NV priced $1.01 million of one-year 9.3% knock-in reverse exchangeable notes linked to QLogic Corp. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-in reverse exchangeable senior medium-term notes
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Underlying stock: | QLogic Corp.
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Amount: | $1.013 million
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Maturity: | Nov. 10, 2005
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Coupon: | 9.3%
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Price: | Par
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Payout at maturity: | Par in cash if QLogic stock never trades at knock-in level or below, otherwise smaller of par in cash or 30.048 shares of QLogic stock
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Knock-in price: | $26.62, 80% of initial price of $33.28
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Exchange ratio: | 30.048
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Exchange price: | $33.28 (initial level of QLogic stock)
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Call: | Non-callable
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Pricing date: | Nov. 5
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Settlement date: | Nov. 10
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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