Published on 4/7/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $0.9 million 0% Double-Up notes linked to General Motors
New York, April 7 - ABN Amro Bank NV priced $0.9 million of 18-month 0% Double-Up securities linked to the common stock of General Motors Corp., according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Double-Up senior medium-term notes
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Underlying stock: | General Motors Corp.
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Amount: | $0.9 million
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Maturity: | Oct. 7, 2005
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If General Motors stock closes above initial price of $46.60, double appreciation of General Motors stock, capped at 17.5% appreciation, otherwise 21.459 shares of General Motors stock
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Call: | Non-callable
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Pricing date: | April 2
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Settlement date: | April 7
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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