Published on 4/13/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $725,000 of 11% reverse exchangeables linked to Lyondell
By Caroline Salls
Pittsburgh, April 13 - ABN Amro Bank NV priced $725,000 of one-year 11% reverse exchangeable notes 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: | Reverse exchangeable senior medium-term notes
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Underlying stock: | Lyondell Chemical Co.
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Amount: | $725,000
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Maturity: | April 13, 2006
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Coupon: | 11%
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Price: | Par
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Payout at maturity: | Smaller of par in cash or 37.037 shares of Lyondell stock
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Exchange ratio: | 37.037
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Exchange price: | $27.00 (initial level of Lyondell stock)
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Call: | Non-callable
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Pricing date: | April 8
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Settlement date: | April 13
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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