Published on 11/3/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $600,000 11% reverse exchangeables linked to Abercrombie & Fitch
Pittsburgh, Nov. 3 - ABN Amro Bank NV priced $600,000 of nine-month 11% reverse exchangeable notes linked to Abercrombie & Fitch Co. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Reverse exchangeable senior medium-term notes
|
| Underlying stock: | Abercrombie & Fitch Co.
|
| Amount: | $600,000
|
| Maturity: | Aug. 3, 2005
|
| Coupon: | 11%
|
| Price: | Par
|
| Payout at maturity: | Smaller of par in cash or 25.532 shares of Abercrombie & Fitch stock
|
| Exchange ratio: | 25.352
|
| Exchange price: | $39.18 (initial level of Abercrombie & Fitch stock)
|
| Call: | Non-callable
|
| Pricing date: | Oct. 29
|
| Settlement date: | Nov. 3
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
|
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