New Issue: ABN Amro prices $0.5 million 24.25% reverse convertibles linked to Hartford Financial

New York, Dec. 30 - ABN Amro Bank NV priced $0.5 million of 24.25% Knock-In Reverse Exchangeable notes due March 31, 2010 linked to Hartford Financial Services Group, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Hartford Financial shares fall below the protection price of $18.67, 80% of the initial price of $23.34, during the life of the notes and finish below the initial price in which case the payout will be 42.845 shares of Hartford Financial stock.

RBS Securities Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Hartford Financial Services Group, Inc. (Symbol: HIG)
Amount:	$0.5 million
Maturity:	March 31, 2010
Coupon:	24.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Hartford Financial shares fall below the protection price of $18.67, 80% of the initial price, and finish below the initial price, in which case 42.845 shares of Hartford Financial stock
Initial price:	$23.34
Protection price:	$18.67, 80% of $23.34
Exchange ratio:	42.845
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Agent:	RBS Securities Inc.
Fees:	1.75%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.