Published on 1/4/2006 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.75 million 10.25% Knock-In Reverse Exchangeables linked to Verisign
By Jennifer Chiou
New York, Jan. 4 - ABN Amro Bank NV priced $1.75 million one-year 10.25% Knock-In Reverse Exchangeable notes linked to Verisign, Inc. 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: | Verisign, Inc.
|
| Amount: | $1.75 million
|
| Maturity: | Dec. 29, 2006
|
| Coupon: | 10.25%
|
| Price: | Par
|
| Payout at maturity: | If Verisign stock closes below the knock-in price of $15.44 at any time, lower of 45.331 Verisign shares and par in cash; otherwise par in cash
|
| Knock-in price: | $15.44 (70% of initial price)
|
| Exchange ratio: | 45.331
|
| Exchange price: | $22.06 (closing price of stock on pricing date)
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 29
|
| Underwriters: | LaSalle 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.
