Published on 10/12/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2.413 million 8.25% reverse exchangeables linked to Caterpillar
By Jennifer Chiou
New York, Oct. 12 - ABN Amro Bank NV priced $2.413 million 8.25% reverse exchangeable notes due Oct. 14, 2006 linked to Caterpillar Inc. 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, series A
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Underlying stock: | Caterpillar Inc.
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Amount: | $2.413 million
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Maturity: | Oct. 14, 2006
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Coupon: | 8.25%, payable quarterly
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Price: | Par
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Payout at maturity: | If Caterpillar stock closes below the initial price of $55.56, 17.999 Caterpillar shares per $1,000 principal amount; otherwise par in cash
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Exchange ratio: | 17.999
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Initial price: | $55.56 (closing price of stock on pricing date)
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Pricing date: | Oct. 11
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Settlement date: | Oct. 14
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Underwriters: | LaSalle Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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