Published on 11/18/2005 in the Prospect News Biotech Daily and Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.46 million 9.5% Knock-In Reverse Exchangeables linked to Pfizer
By Jennifer Chiou
New York, Nov. 18 - ABN Amro Bank NV priced $1.46 million 9.5% Knock-In Reverse Exchangeable notes due Nov. 17, 2006 linked to Pfizer Inc. 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 series A notes
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Underlying stock: | Pfizer Inc.
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Amount: | $1.46 million
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Maturity: | Nov. 17, 2006
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Coupon: | 9.5%, payable quarterly
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Price: | Par
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Payout at maturity: | Par in cash if Pfizer stock never trades at the knock-in level of $17.80 or below, otherwise smaller of par in cash or 44.944 shares of Pfizer stock
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Knock-in price: | $17.80, 80% of initial price
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Exchange ratio: | 44.944
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Exchange price: | $22.25 (initial level of Pfizer stock)
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Pricing date: | Nov. 14
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Settlement date: | Nov. 17
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Lead manager: | LaSalle Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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