E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/7/2008 in the Prospect News Structured Products Daily.

ABN Amro to price 14.25% knock-in notes linked to Intel

By E. Janene Geiss

Philadelphia, Feb. 7 - ABN Amro Bank NV plans to price 14.25% annualized Knock-in Reverse Exchangeable Securities S-Notes due Aug. 29, 2008 linked to the common stock of Intel Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Intel stock falls by more than 20% during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of Intel shares equal to $1,000 divided by the initial share price.

The notes will price on Feb. 26 and settle on Feb. 29.

ABN Amro Inc. will be the agent.


© 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.