Published on 11/16/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.55 million 10% reverse exchangeables linked to eBay
New York, Nov. 16 - ABN Amro Bank NV priced $1.55 million one-year 10% reverse exchangeable notes linked to eBay Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Reverse exchangeable senior medium-term notes, series A
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Underlying stock: | eBay Inc.
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Amount: | $1.55 million
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Maturity: | Nov. 16, 2006
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Coupon: | 10%, payable quarterly
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Price: | Par
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Payout at maturity: | If eBay stock closes below the initial price of $43.31, 23.089 eBay shares per $1,000 principal amount; otherwise par in cash
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Exchange ratio: | 23.089
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Initial price: | $43.31 (closing price of stock on pricing date)
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Pricing date: | Nov. 10
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Settlement date: | Nov. 16
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Underwriters: | LaSalle Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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