Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hess Corp. > News item |
ABN Amro plans 14.5% knock-in notes linked to Hess
By Jennifer Chiou
New York, Aug. 8 - ABN Amro Bank NV plans to price 14.5% annualized Knock-in Reverse Exchangeable Securities S-Notes due Nov. 28, 2008 linked to the common stock of Hess Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
If Hess stock falls below the knock-in level - 70% of the initial share price - during the life of the securities and finishes below the initial share price, the payout at maturity will be a number of Hess shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
The securities are expected to price on Aug. 26 and settle on Aug. 29.
ABN Amro Inc. is the lead agent.
© 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.