Published on 5/30/2008 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.75 million 12.75% reverse convertibles linked to Harley-Davidson
New York, May 30 - ABN Amro Bank NV priced $0.75 million of 12.75% Knock-In Reverse Exchangeable notes due May 29, 2009 linked to Harley-Davidson, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless Harley-Davidson shares fall below the protection price of $31.16, 80% of the initial price of $38.95, during the life of the notes and finishes below the initial price in which case the payout will be 25.674 shares of Harley-Davidson 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: | Harley-Davidson, Inc. (Symbol: HOG)
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Amount: | $0.75 million
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Maturity: | May 29, 2009
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Coupon: | 12.75%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Harley-Davidson stock falls below the protection price of $31.16, 80% of the initial price, and finishes below the initial price, in which case 25.674 shares of Harley-Davidson stock
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Initial price: | $38.95
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Protection price: | $31.16, 80% of $38.95
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Exchange ratio: | 24.674
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Pricing date: | May 27
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Settlement date: | May 30
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Agent: | ABN Amro Inc.
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Fees: | 2.50%
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