By Jennifer Chiou
New York, June 29 - ABN Amro Bank NV priced $2.125 million of 12% annualized Knock-in Reverse Exchangeable Securities due Sept. 28, 2007 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless Halliburton stock closes below the knock-in level of $30.987 during the life of the notes and closes below the initial share price of $34.43 on the third trading day prior to maturity, in which case the payout will be a number of Halliburton shares equal to $1,000 divided by the initial share price.
ABN Amro Inc. is the agent.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in Reverse Exchangeable Securities
|
| Underlying stock: | Halliburton Co.
|
| Amount: | $2.125 million
|
| Maturity: | Sept. 28, 2007
|
| Coupon: | 12% annualized, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If Halliburton stock falls by more than 10% during the life of the notes and finishes below the initial share price, 29.044 Halliburton shares; otherwise, par
|
| Initial share price: | $34.43
|
| Knock-in level: | $30.987, 90% of initial share price
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Agent: | ABN Amro Inc.
|
| Fees: | 1.375%
|
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