Published on 2/9/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2.3 million 10.25% reverse exchangeables linked to Altera
By Caroline Salls
Pittsburgh, Feb. 9 - ABN Amro Bank NV priced $2.3 million of nine-month 10.25% knock-in reverse exchangeable notes linked to Altera Corp. common 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 | Altera Corp.
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| Amount: | $2.3 million
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| Maturity: | Nov. 9, 2005
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| Coupon: | 10.25%
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| Price: | Par
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| Payout at maturity: | Par in cash if Altera stock never trades at knock-in level or below, otherwise smaller of par in cash or 51.546 shares of Altera stock
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| Knock-in price: | $13.58, 70% of initial price of $19.40
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| Exchange ratio: | 51.546
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| Exchange price: | $19.40
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| Call: | Non-callable
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| Pricing date: | Feb. 4
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| Settlement date: | Feb. 9
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| Lead manager: | ABN Amro Financial Services
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| Distribution: | Off shelf
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