Published on 8/28/2009 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.15 million 18.5% reverse convertibles linked to Ford Motor
New York, Aug. 28 - ABN Amro Bank NV priced $0.148 million of 18.5% Knock-In Reverse Exchangeable notes due Nov. 30, 2009 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Ford Motor shares fall below the protection price of $4.95, 65% of the initial price of $7.61, during the life of the notes and finish below the initial price in which case the payout will be 131.406 shares of Ford Motor 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: | Ford Motor Co. (Symbol: F)
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Amount: | $0.148 million
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Maturity: | Nov. 30, 2009
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Coupon: | 18.5%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Ford Motor shares fall below the protection price of $4.95, 65% of the initial price, and finish below the initial price, in which case 131.406 shares of Ford Motor stock
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Initial price: | $7.61
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Protection price: | $4.95, 65% of $7.61
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Exchange ratio: | 131.406
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | ABN Amro Inc.
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Fees: | 1.375%
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