Published on 4/20/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.375 million 10.25% reverse exchangeables linked to Nucor
By Caroline Salls
Pittsburgh, April 20 - ABN Amro Bank NV priced $1.375 million of nine-month 10.25% knock-in reverse exchangeable notes linked to Nucor 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: | Nucor Corp.
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Amount: | $1.375 million
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Maturity: | Jan. 20, 2006
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Coupon: | 10.25%
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Price: | Par
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Payout at maturity: | Par in cash if Nucor stock never trades at knock-in level or below, otherwise 20.496 shares of Nucor stock
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Knock-in price: | $34.15, 70% of initial price of $48.79
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Exchange ratio: | 20.496
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Exchange price: | $48.79
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Call: | Non-callable
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Pricing date: | April 15
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Settlement date: | April 20
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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