Published on 4/29/2009 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.711 million 15.5% reverse convertibles linked to General Electric
New York, April 29 - ABN Amro Bank NV priced $0.711 million of 15.5% Knock-In Reverse Exchangeable notes due July 31, 2009 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless General Electric shares fall below the protection price of $7.25, 60% of the initial price of $12.09, during the life of the notes and finish below the initial price in which case the payout will be 82.713 shares of General Electric stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
|
Issue: | Knock-In Reverse Exchangeable notes
|
Underlying stock: | General Electric Co. (Symbol: GE)
|
Amount: | $0.711 million
|
Maturity: | July 31, 2009
|
Coupon: | 15.5%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par in cash unless General Electric shares fall below the protection price of $7.25, 60% of the initial price, and finish below the initial price, in which case 82.713 shares of General Electric stock
|
Initial price: | $12.09
|
Protection price: | $7.25, 60% of $12.09
|
Exchange ratio: | 82.713
|
Pricing date: | April 27
|
Settlement date: | April 30
|
Agent: | ABN Amro Inc.
|
Fees: | 1.375%
|
© 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.