By E. Janene Geiss
Philadelphia, March 18 - ABN Amro Bank NV priced $1.65 million of 25% Knock-in Reverse Exchangeable Securities due March 18, 2009 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
If shares of Advanced Micro Devices fall below the knock-in level - 60% of the initial share price - during the life of the notes and finish below the initial share price, the payout at maturity will be a number of shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
ABN Amro Inc. is the lead agent.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in Reverse Exchangeable Securities
|
| Underlying stock: | Advanced Micro Devices, Inc.
|
| Amount: | $1.65 million
|
| Maturity: | March 18, 2009
|
| Coupon: | 25%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If Advanced Micro Devices stock falls below the knock-in price during the life of the notes and the final share price is less than the initial share price, 145.588 AMD shares; otherwise, par
|
| Initial share price: | $6.73
|
| Knock-in price: | $4.04, or 60% of initial share price
|
| Exchange ratio: | 145.588
|
| Pricing date: | March 13
|
| Settlement date: | March 18
|
| Agent: | ABN Amro Inc.
|
| Fees: | 4.2%
|
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