Published on 5/25/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $3.9 million 9% reverse exchangeables linked to Alcoa
New York, May 25 - ABN Amro Bank NV priced $3.9 million of one-year 9% reverse exchangeable notes linked to the common stock of Alcoa Inc., 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
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Underlying stock: | Aloca Inc.
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Amount: | $3.9 million
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Maturity: | May 26, 2005
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Coupon: | 9%
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Price: | Par
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Payout at maturity: | Smaller of par in cash or 33.921 Alcoa shares
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Exchange ratio: | 33.921
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Exchange price: | $29.48 (initial level of Alcoa stock)
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Call: | Non-callable
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Pricing date: | May 21
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Settlement date: | May 26
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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