Published on 7/30/2008 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.2 million 10% reverse convertibles linked to Whole Foods
New York, July 30 - ABN Amro Bank NV priced $0.2 million of 10% Knock-In Reverse Exchangeable notes due Oct. 31, 2008 linked to Whole Foods Market, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless Whole Foods shares fall below the protection price of $15.42, 70% of the initial price of $22.03, during the life of the notes and finish below the initial price in which case the payout will be 45.393 shares of Whole Foods stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable notes
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Underlying stock: | Whole Foods Market, Inc. (Symbol: WFMI)
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Amount: | $0.2 million
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Maturity: | Oct. 31, 2008
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Coupon: | 10%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Whole Foods shares fall below the protection price of $15.42, 70% of the initial price, and finish below the initial price, in which case 45.393 shares of Whole Foods stock
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Initial price: | $22.03
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Protection price: | $15.42, 70% of $22.03
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Exchange ratio: | 45.393
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | ABN Amro Inc.
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Fees: | 1.375%
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