ABN Amro plans 10.5% knock-in notes linked to ConocoPhillips

By E. Janene Geiss

Philadelphia, June 11 - ABN Amro Bank NV plans to price 10.5% Knock-in Reverse Exchangeable Securities due June 30, 2009 linked to the common stock of ConocoPhillips, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

If ConocoPhillips stock falls below the knock-in level - 85% of the initial share price - during the life of the securities and finishes below the initial share price, the payout at maturity will be a number of ConocoPhillips shares equal to par divided by the initial share price.

Otherwise, the payout will be par.

The securities are expected to price June 25 and settle June 30.

ABN Amro Inc. is the lead agent.

© 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.