Published on 2/26/2003 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $8.25 million 11% reverse exchangeables linked to Citigroup
New York, Feb. 26 - ABN Amro Bank NV sold $8.25 million 11% reverse exchangeable notes linked to the common stock of Citigroup Inc., 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: | $8.25 million
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Coupon: | 11%, payable semi-annually
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Maturity: | Feb. 27, 2004
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Price: | Par
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Payout at maturity: | Par in cash if Citigroup Inc. stock closes at or above initial price of $32.81 otherwise 30.749 shares per $1,000 note
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Exchange ratio: | 30.749
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Pricing date: | Feb. 25
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Settlement: | Feb. 28
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Underwriter: | ABN Amro Financial Services, Inc.
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Listing: | "REX.Y" on America Stock Exchange
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