Published on 12/22/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $5.75 million 15% reverse exchangeables linked to Novell
By Caroline Salls
Pittsburgh, Dec. 22 - ABN Amro Bank NV priced $5.75 million of one-year 15% knock-in reverse exchangeable notes linked to Novell Inc. 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: | Novell Inc.
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Amount: | $5.75 million
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Maturity: | Dec. 22, 2005
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Coupon: | 15%
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Price: | Par
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Payout at maturity: | Par in cash if Novell stock never trades at knock-in level or below, otherwise smaller of par in cash or 147.710 shares of Novell stock
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Knock-in price: | $4.74, 70% of initial price of $6.77
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Exchange ratio: | 147.710
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Exchange price: | $6.77
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Call: | Non-callable
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Pricing date: | Dec. 17
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Settlement date: | Dec. 22
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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