Published on 3/28/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2.35 million 12.50% reverse exchangeables linked to JetBlue
By Caroline Salls
Pittsburgh, March 28 - ABN Amro Bank NV priced $2.35 million of nine-month 12.50% knock-in reverse exchangeable notes linked to JetBlue Airways 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: | JetBlue Airways Corp.
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| Amount: | $2.35 million
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| Maturity: | Dec. 23, 2005
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| Coupon: | 12.50%
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| Price: | Par
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| Payout at maturity: | Par in cash if JetBlue stock never trades at knock-in level or below, otherwise smaller of par in cash or 57.571 shares of JetBlue stock
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| Knock-in price: | $12.16, 70% of initial price of $17.37
|
| Exchange ratio: | 57.571
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| Exchange price: | $17.37
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| Call: | Non-callable
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| Pricing date: | March 18
|
| Settlement date: | March 23
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
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