Published on 5/25/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.95 million 14% reverse exchangeables linked to Lucent
New York, May 25 - ABN Amro Bank NV priced $1.95 million of one-year 14% knock-in reverse exchangeable notes linked to Lucent Technologies Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-in reverse exchangeable senior medium-term notes
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Underlying stock: | Lucent Technologies Inc.
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Amount: | $1.95 million
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Maturity: | May 26, 2005
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Coupon: | 14%
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Price: | Par
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Payout at maturity: | Par in cash if Lucent stock never trades at knock-in level or below, otherwise smaller of par in cash or 313.480 shares of Lucent stock
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Knock-in price: | $2.23, 70% of initial price of $3.19
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Exchange ratio: | 313.480
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Exchange price: | $3.19 (initial level of Lucent stock)
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Call: | Non-callable
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Pricing date: | May 21
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Settlement date: | May 26
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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