Published on 12/13/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $0.365 million 10.25% Knock-In Reverse Exchangeables linked to Corning
New York, Dec. 13 - ABN Amro Bank NV priced $0.365 million 10.25% Knock-In Reverse Exchangeable notes due Dec. 14, 2006 linked to Corning 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 series A notes
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Underlying stock: | Corning Inc.
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Amount: | $0.365 million
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Maturity: | Dec. 14, 2006
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Coupon: | 10.25%, payable quarterly
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Price: | Par
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Payout at maturity: | Par in cash if Corning stock never trades at the knock-in level of $16.93or below, otherwise smaller of par in cash or 47.259 shares of Corning stock
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Knock-in price: | $16.93, 80% of initial price
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Exchange ratio: | 47.259
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Exchange price: | $21.16 (initial level of Corning stock)
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Pricing date: | Dec. 9
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Settlement date: | Dec. 14
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Lead manager: | LaSalle Financial Services, Inc.
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Distribution: | Off shelf
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