Published on 5/18/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2.3 million 8% reverse exchangeables linked to Harley-Davidson
New York, May 18 - ABN Amro Bank NV priced $2.3 million of nine-month 8% Knock-In Reverse Exchangeable notes linked to Harley-Davidson, 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: | Harley-Davidson, Inc.
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| Amount: | $2.3 million
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| Maturity: | Feb. 18, 2006
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| Coupon: | 8%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par in cash if Harley-Davidson stock never trades at knock-in level or below, otherwise smaller of par in cash or 21.322 shares of Harley-Davidson stock
|
| Knock-in price: | $37.52, 80% of initial price of $46.90
|
| Exchange ratio: | 21.322
|
| Exchange price: | $46.90
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| Call: | Non-callable
|
| Pricing date: | May 13
|
| Settlement date: | May 18
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
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