By Jennifer Chiou
New York, May 14 - ABN Amro Bank NV priced $3.72 million of zero-coupon digital buffer securities due Nov. 15, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, investors will receive par plus the 15% digital return.
Investors will receive par if the index falls by up to 20% and will be exposed to losses beyond 20%.
ABN Amro Inc. is the agent.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Digital buffer securities
|
| Underlying index: | S&P 500
|
| Amount: | $3,715,000
|
| Maturity: | Nov. 15, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 15% digital return if index gains; par for losses up to 20%; investors share in losses beyond 20%
|
| Initial level: | 908.35
|
| Pricing date: | May 12
|
| Settlement date: | May 15
|
| Agent: | ABN Amro Inc.
|
| Fees: | 2.75%
|
© 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.
