E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/29/2005 in the Prospect News Convertibles Daily.

New Issue: ABN Amro sells $3.6 million 10.5% Knock-In Reverse Exchangeables linked to eBay

New York, June 29 - ABN Amro Bank NV priced $3.6 million nine-month 10.5% Knock-In Reverse Exchangeable notes linked to eBay Inc. common stock, 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:eBay Inc.
Amount:$3.6 million
Maturity:March 29, 2006
Coupon:10.50% annualized, 2.625% payable per quarter
Price:Par
Payout at maturity:If eBay stock closes below the knock-in price of $27.50 at any time, 29.095 shares of eBay stock, capped at par in cash; otherwise par in cash
Knock-in price:$27.50 (80% of initial price)
Exchange ratio:29.095 at maturity
Exchange price:$34.37 (closing price of stock on pricing date)
Pricing date:June 24
Settlement date:June 29
Underwriters:ABN Amro Financial Services, Inc., ABN Amro Inc.
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.