Published on 2/23/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $950,000 13.50% reverse exchangeables linked to Novell
By Caroline Salls
Pittsburgh, Feb. 23 - ABN Amro Bank NV priced $950,000 of nine-month 13.50% 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: | $950,000
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Maturity: | Nov. 24, 2005
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Coupon: | 13.50%
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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 166.389 shares of Novell stock
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Knock-in price: | $4.21, 70% of initial price of $6.01
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Exchange ratio: | 166.389
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Exchange price: | $6.01
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Call: | Non-callable
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Pricing date: | Feb. 18
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Settlement date: | Feb. 24
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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