| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers N > Headlines for Noble Corp. > News item |
ABN Amro plans issue of 11.75% Knock-In Reverse Exchangeables linked to Noble
New York, April 26 - ABN Amro Bank NV plans to price an issue of 11.75% Knock-In Reverse Exchangeable notes due May 10, 2007 linked to Noble Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The proposed pricing date is May 5.
Payment at maturity will be based on the performance of Noble stock:
• If the stock trades at or below the knock-in price and closes below the initial price, investors will receive a number of Noble shares equal to $1,000 divided by the initial stock price. The knock-in price will be 80% of the initial price;
• Otherwise the payout is par in cash.
LaSalle Financial Services Inc. and ABN Amro Inc. will be managers for the offering.
© 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.