Published on 11/3/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.8 million 12.5% reverse exchangeables linked to National Semiconductor
New York, Nov. 3 - ABN Amro Bank NV priced $1.8 million of nine-month 12.5% knock-in reverse exchangeable notes linked to National Semiconductor Corp. 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: | National Semiconductor Corp.
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Amount: | $1.8 million
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Maturity: | Aug. 3, 2005
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Coupon: | 12.5%
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Price: | Par
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Payout at maturity: | Par in cash if National Semiconductor stock never trades at knock-in level or below, otherwise smaller of par in cash or 59.880 shares of National Semiconductor stock
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Knock-in price: | $11.69, 70% of initial price of $16.70
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Exchange ratio: | 59.880
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Exchange price: | $16.70 (initial level of National Semiconductor stock)
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Call: | Non-callable
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Pricing date: | Oct. 29
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Settlement date: | Nov. 3
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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