Published on 12/1/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $120,000 9% reverse exchangeables linked to Americredit
By Caroline Salls
Pittsburgh, Dec. 1 - ABN Amro Bank NV priced $120,000 of nine-month 9% knock-in reverse exchangeable notes linked to Americredit Corp. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in reverse exchangeable senior medium-term notes
|
| Underlying stock: | Americredit Corp.
|
| Amount: | $120,000
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| Maturity: | Sept. 1, 2005
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| Coupon: | 9%
|
| Price: | Par
|
| Payout at maturity: | Par in cash if Americredit stock never trades at knock-in level or below, otherwise smaller of par in cash or 49.751 shares of Americredit stock
|
| Knock-in price: | $14.07, 70% of initial price of $20.10
|
| Exchange ratio: | 49.751
|
| Exchange price: | $20.10
|
| Call: | Non-callable
|
| Pricing date: | Nov. 26
|
| Settlement date: | Dec. 1
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
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