Published on 5/11/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $5.25 million 10.15% reverse exchangeables linked to MBNA
New York, May 11 - ABN Amro Bank NV priced $5.25 million of one-year 10.15% knock-in reverse exchangeable notes linked to MBNA Corp. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in reverse exchangeable senior medium-term notes
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| Underlying stock: | MBNA Corp.
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| Amount: | $5.25 million
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| Maturity: | May 10, 2006
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| Coupon: | 10.15%
|
| Price: | Par
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| Payout at maturity: | Par in cash if MBNA stock never trades at knock-in level or below, otherwise smaller of par in cash or 50.050 shares of MBNA stock
|
| Knock-in price: | $15.98, 50% of initial price of $19.98
|
| Exchange ratio: | 50.050
|
| Exchange price: | $19.98
|
| Call: | Non-callable
|
| Pricing date: | May 5
|
| Settlement date: | May 10
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
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