New Issue: ABN Amro prices $0.27 million 10.75% reverse convertibles linked to Apple

New York, Jan. 27 - ABN Amro Bank NV priced $0.265 million of 10.75% Knock-In Reverse Exchangeable notes due July 30, 2010 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Apple shares fall below the protection price of $175.05, 85% of the initial price of $205.94, during the life of the notes and finish below the initial price in which case the payout will be 4.856 shares of Apple stock.

RBS Securities Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Apple Inc. (Symbol:	AAPL)
Amount:	$0.265 million
Maturity:	July 30, 2010
Coupon:	10.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Apple shares fall below the protection price of $175.05, 85% of the initial price, and finish below the initial price, in which case 4.856 shares of Apple stock
Initial price:	$205.94
Protection price:	$175.05, 85% of $205.94
Exchange ratio:	4.856
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Agent:	RBS Securities Inc.
Fees:	1.75%
Cusip:	00083JPK8

© 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.