Published on 12/15/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $550,000 11.25% reverse exchangeables linked to Dillard's
By Caroline Salls
Pittsburgh, Dec. 15 - ABN Amro Bank NV priced $550,000 of nine-month 11.25% knock-in reverse exchangeables linked to Dillard's Inc. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-in reverse exchangeable senior medium-term notes
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Underlying stock: | Dillard's Inc.
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Amount: | $550,000
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Maturity: | Sept. 15, 2005
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Coupon: | 11.25%
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Price: | Par
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Payout at maturity: | Par in cash if Dillard's stock never trades at knock-in level or below, otherwise smaller of par in cash or 38.715 shares of Dillard's stock
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Knock-in price: | $18.08, 70% of initial price of $25.83
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Exchange ratio: | 38.715
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Exchange price: | $25.83
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Call: | Non-callable
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Pricing date: | Dec. 10
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Settlement date: | Dec. 15
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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