By E. Janene Geiss
Philadelphia, March 27 - ABN Amro Bank NV priced $1.4 million of 11.5% Knock-in Reverse Exchangeable Securities due March 27, 2009 linked to the common stock of ConocoPhillips, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless ConocoPhillips stock falls by more than 30% during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of ConocoPhillips shares equal to $1,000 divided by the initial share price.
ABN Amro Inc. is the lead agent.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in Reverse Exchangeable Securities
|
| Underlying stock: | ConocoPhillips (NYSE: COP)
|
| Amount: | $1.4 million
|
| Maturity: | March 27, 2009
|
| Coupon: | 11.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If ConocoPhillips stock falls below the knock-in price during the life of the notes and finishes below the initial share price, 13.417 ConocoPhillips shares; otherwise, par
|
| Initial share price: | $74.53
|
| Knock-in price: | $52.17, 70% of initial share price
|
| Pricing date: | March 25
|
| Settlement date: | March 28
|
| Agent: | ABN Amro Inc.
|
| Fees: | 2.3%
|
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