Published on 1/30/2006 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2 mln 18% Knock-In Reverse Exchangeables linked to Research In Motion
By Jennifer Chiou
New York, Jan. 30 - ABN Amro Bank NV priced $2 million one-year 18% Knock-In Reverse Exchangeable notes linked to Research In Motion Ltd. 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 series A notes
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Underlying stock: | Research In Motion Ltd.
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Amount: | $2 million
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Maturity: | Jan. 31, 2007
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Coupon: | 18%
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Price: | Par
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Payout at maturity: | If Research In Motion stock closes below the knock-in price of $52.75 at any time, lower of 15.165 Research In Motion shares and par in cash; otherwise par in cash
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Knock-in price: | $52.75 (80% of initial price)
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Exchange ratio: | 15.165
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Exchange price: | $65.94 (closing price of stock on pricing date)
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Underwriters: | LaSalle Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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