By E. Janene Geiss
Philadelphia, Oct. 29 - ABN Amro Bank NV priced $2.4 million of 18.75% annualized Knock-in Reverse Exchangeable Securities due Jan. 29, 2010 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
RBS Securities Inc. is the agent.
Interest is payable monthly.
Investors will receive par at maturity unless Ford stock falls 30% compared to the initial share price during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Ford shares equal to $1,000 divided by the initial share price.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in Reverse Exchangeable Securities
|
| Underlying stock: | Ford Motor Co. (NYSE: F)
|
| Amount: | $2.4 million
|
| Maturity: | Jan. 29, 2010
|
| Coupon: | 18.75%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock price dips below the knock-in price during the life of the notes and finishes below the initial price, in which case 136.436 Ford shares
|
| Initial share price: | $7.33
|
| Knock-in price: | $5.13, 70% of initial price
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 30
|
| Agent: | RBS Securities Inc.
|
| Fees: | 1.375%
|
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