Published on 5/18/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2.3 million 8% reverse exchangeables linked to Harley-Davidson
New York, May 18 - ABN Amro Bank NV priced $2.3 million of nine-month 8% Knock-In Reverse Exchangeable notes linked to Harley-Davidson, Inc. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable senior medium-term notes
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Underlying stock: | Harley-Davidson, Inc.
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Amount: | $2.3 million
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Maturity: | Feb. 18, 2006
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Coupon: | 8%, payable quarterly
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Price: | Par
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Payout at maturity: | Par in cash if Harley-Davidson stock never trades at knock-in level or below, otherwise smaller of par in cash or 21.322 shares of Harley-Davidson stock
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Knock-in price: | $37.52, 80% of initial price of $46.90
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Exchange ratio: | 21.322
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Exchange price: | $46.90
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Call: | Non-callable
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Pricing date: | May 13
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Settlement date: | May 18
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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