Published on 7/9/2003 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $14.5 million 11.5% reverse exchangeables linked to Intel
New York, July 9 - ABN Amro Bank NV priced $14.5 million reverse exchangeable notes linked to Intel Corp. stock, according to a 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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Amount: | $14.5 million
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Maturity: | July 9, 2004
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Coupon: | 11.5%
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Price: | Par
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Payout at maturity: | Smaller of stock at exchange ratio, paid in stock, or par in cash
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Exchange ratio: | 42.918 shares of Intel Corp. stock
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Exchange price: | $23.30 (price of Intel Corp. stock on pricing date)
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Pricing date: | July 8
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Settlement: | July 11
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Lead manager: | ABN Amro Financial Services
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Listing: | "RXX.C" on American Stock Exchange
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