ABN Amro plans 17% Knock-in Reverse Exchangeables linked to Nucor

By Jennifer Chiou

New York, Sept. 3 - ABN Amro Bank NV plans to price Knock-in Reverse Exchangeable Securities due Dec. 9, 2008 linked to the common stock of Nucor Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The three-month notes will pay 4.25% for an annualized rate of 17%. Interest will be payable monthly.

If the stock falls below the knock-in level - 75% of the initial share price - during the life of the securities and finishes below the initial share price, the payout at maturity will be a number of Nucor shares equal to par divided by the initial share price.

Otherwise, the payout will be par.

The securities are expected to price on Sept. 4 and settle on Sept. 9.

ABN Amro Inc. is the lead agent.

© 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.