E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Reverse exchangeable senior medium-term notes, series A
Underlying stock:Caterpillar Inc.
Amount:$2.413 million
Maturity:Oct. 14, 2006
Coupon:8.25%, payable quarterly
Price:Par
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
Exchange ratio:17.999
Initial price:$55.56 (closing price of stock on pricing date)
Pricing date:Oct. 11
Settlement date:Oct. 14
Underwriters:LaSalle Financial Services, Inc., ABN Amro Inc.
Distribution:Off shelf

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.