New Issue: ABN Amro sells $3.35 million 12% knock-in notes linked to United States Steel

New York, June 6 - ABN Amro Bank priced $3.35 million nine-month 12% Knock-In Reverse Exchangeables linked to the common stock of United States Steel Corp., according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term notes, series A
Underlying stock:	United States Steel Corp.
Amount:	$3.35 million
Maturity:	March 2, 2006
Coupon:	12%, payable quarterly
Price:	Par
Payout at maturity:	If United States Steel Corp. stock falls below knock-in price at any time, 24.777 shares of United States Steel stock, capped at par in cash; otherwise par in cash
Knock-in price:	$28.25 (70% of initial price)
Exchange ratio:	24.777 at maturity
Exchange price:	$40.36 (closing price of stock on pricing date)
Call:	Non-callable
Pricing date:	May 27
Settlement date:	June 2
Underwriter:	ABN Amro Holding NV, ABN Amro Bank NV
Distribution:	Off shelf

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.