Published on 10/5/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $3.2 million 11.25% Knock-In Reverse Exchangeables linked to Lyondell
New York, Oct. 5 - ABN Amro Bank NV priced $3.2 million of 11.25% Knock-In Reverse Exchangeable notes due Oct. 5, 2006 linked to Lyondell Chemical Co. 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 series A notes
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Underlying stock: | Lyondell Chemical Co.
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Amount: | $3.2 million
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Maturity: | Oct. 5, 2006
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Coupon: | 11.25%
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Price: | Par
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Payout at maturity: | Par in cash if Lyondell stock never trades at the knock-in level of $22.90 or below, otherwise smaller of par in cash or 34.941 shares of Lyondell stock
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Knock-in price: | $22.90, 80% of initial price
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Exchange ratio: | 34.941
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Exchange price: | $28.62 (initial level of Lyondell stock)
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Lead manager: | LaSalle Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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