ABN Amro plans 20% reverse exchangeables linked to Flamel

By Laura Lutz

Des Moines, April 10 - ABN Amro Bank NV plans to price 20% reverse exchangeable securities due Oct. 31, 2007 linked to the common stock of Flamel Technologies SA, according to an FWP filing with the Securities and Exchange Commission.

The issue size will be at least $500,000 and no more than $2 million. The exact size will be determined at pricing.

The securities will price on April 25 and settle on April 30.

Interest will be payable monthly.

The payout at maturity will be par unless Flamel stock falls below the knock-in level - 75% of the initial share price - during the life of the securities and finishes below the initial share price, in which case the payout will be a number of Flamel shares equal to $1,000 divided by the initial share price.

ABN Amro Inc. will be 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.