Published on 2/25/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.5 million 11% reverse exchangeables linked to Internet Security Systems
By Caroline Salls
Pittsburgh, Feb. 25 - ABN Amro Bank NV priced $1.5 million of one-year 11% knock-in reverse exchangeable notes linked to Internet Security Systems Inc. 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: | Internet Security Systems Inc.
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Amount: | $1.5 million
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Maturity: | Feb. 28, 2006
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Coupon: | 11%
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Price: | Par
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Payout at maturity: | Par in cash if Internet Security Systems stock never trades at knock-in level or below, otherwise smaller of par in cash or 49.975 shares of Internet Security Systems stock
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Knock-in price: | $14.01, 70% of initial price of $20.01
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Exchange ratio: | 49.975
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Exchange price: | $20.01
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Call: | Non-callable
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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