Published on 10/20/2003 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $619,000 10% reverse exchangeables linked to Sprint
New York, Oct. 20 - ABN Amro Bank NV priced $619,000 10% knock-in reverse exchangeable notes linked to Sprint Corp. FON stock, according to a filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
|
Issue: | Knock-in reverse exchangeable senior medium-term notes
|
Underlying stock: | Sprint Corp. FON
|
Amount: | $619,000
|
Maturity: | Oct. 22, 2004
|
Coupon: | 10%
|
Price: | Par
|
Payout at maturity: | Par in cash if underlying stock remains above knock-in level throughout term of notes
|
| If knock-in level is reached, smaller of par in cash or 61.1881 shares
|
Knock-in level: | $12.93, 80% of initial $16.16 price of Sprint stock
|
Exchange ratio: | 61.1881 shares
|
Pricing date: | Oct. 17
|
Settlement: | Oct. 22
|
Lead manager: | ABN Amro Financial Services
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.