Published on 3/2/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $11 million 11% reverse exchangeables linked to Ford
New York, March 2 - ABN Amro Bank NV priced $11 million of one-year 11% reverse exchangeable notes linked to the common stock of Ford Motor Co., according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Reverse exchangeable senior medium-term notes
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| Underlying stock: | Ford Motor Co.
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| Amount: | $11 million
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| Maturity: | March 3, 2005
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| Coupon: | 11%
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| Price: | Par
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| Payout at maturity: | Smaller of par in cash or 72.727 shares of Ford stock
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| Exchange ratio: | 72.727
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| Exchange price: | $13.75 (initial level of Ford stock)
|
| Call: | Non-callable
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| Pricing date: | Feb. 27
|
| Settlement date: | March 3
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
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