Published on 4/6/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.12 million 17% reverse exchangeables linked to palmOne
By Caroline Salls
Pittsburgh, April 6 - ABN Amro Bank NV priced $1.12 million of nine-month 17% knock-in reverse exchangeable notes linked to palmOne 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: | palmOne Inc.
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Amount: | $1.12 million
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Maturity: | Jan. 6, 2006
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Coupon: | 17%
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Price: | Par
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Payout at maturity: | Par in cash if palmOne stock never trades at knock-in level or below, otherwise smaller of par in cash or 39.777 shares of palmOne stock
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Knock-in price: | $15.08, 60% of initial price of $25.14
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Exchange ratio: | 39.777
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Exchange price: | $25.14
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Call: | Non-callable
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Pricing date: | April 1
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Settlement date: | April 6
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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