Published on 4/29/2009 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.146 million 12% reverse convertibles linked to Exxon Mobil
New York, April 29 - ABN Amro Bank NV priced $0.146 million of 12% Knock-In Reverse Exchangeable notes due Oct. 30, 2009 linked to Exxon Mobil Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless Exxon Mobil shares fall below the protection price of $52.90, 80% of the initial price of $66.13, during the life of the notes and finish below the initial price in which case the payout will be 15.122 shares of Exxon Mobil stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable notes
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Underlying stock: | Exxon Mobil Corp. (Symbol: XOM)
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Amount: | $0.146 million
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Maturity: | Oct. 30, 2009
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Coupon: | 12%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Exxon Mobil shares fall below the protection price of $52.90, 80% of the initial price, and finish below the initial price, in which case 15.122 shares of Exxon Mobil stock
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Initial price: | $66.13
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Protection price: | $52.90, 80% of $66.13
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Exchange ratio: | 15.122
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Pricing date: | April 27
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Settlement date: | April 30
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Agent: | ABN Amro Inc.
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Fees: | 1.75%
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