Published on 4/29/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $150,000 10% reverse exchangeables linked to British Airways
New York, April 29 - ABN Amro Bank NV priced $150,000 of one-year 10% reverse exchangeable notes linked to the American Depositary Receipts of British Airways plc, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Reverse exchangeable senior medium-term notes
|
| Underlying stock: | British Airways plc
|
| Amount: | $150,000
|
| Maturity: | April 28, 2005
|
| Coupon: | 10%
|
| Price: | Par
|
| Payout at maturity: | Smaller of par in cash or 18.801 British Airways ADRs
|
| Exchange ratio: | 18.801
|
| Exchange price: | $53.19 (initial level of British Airways ADRs)
|
| Call: | Non-callable
|
| Pricing date: | April 23
|
| Settlement date: | April 28
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
|
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