Published on 9/4/2003 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.33 million 8.85% reverse exchangeables linked to Citigroup
New York, Sept. 4 - ABN Amro Bank NV priced $1.33 million 8.85% reverse exchangeable notes linked to Citigroup Inc. stock, according to a filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Reverse exchangeable senior medium-term notes
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Amount: | $1.328 million
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Maturity: | Sept. 8, 2004
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Coupon: | 8.85%
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Price: | Par
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Payout at maturity: | Smaller of stock at exchange ratio, paid in stock, or par in cash
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Exchange ratio: | 22.472 shares of Citigroup Inc. stock
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Exchange price: | $44.50 (price of Citigroup Inc. stock on pricing date)
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Pricing date: | Sept. 3
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Settlement: | Sept. 8
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Lead manager: | ABN Amro Financial Services
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