Published on 3/1/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $725,000 10% reverse exchangeables linked to Pulte Homes
By Caroline Salls
Pittsburgh, March 1 - ABN Amro Bank NV priced $725,000 one-year 10% reverse exchangeable notes linked to Pulte Homes Inc. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in reverse exchangeable senior medium-term notes
|
| Underlying stock: | Pulte Homes Inc.
|
| Amount: | $725,000
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| Maturity: | March 2, 2006
|
| Coupon: | 10%
|
| Price: | Par
|
| Payout at maturity: | Par in cash if Pulte Homes stock never trades at knock-in level or below, otherwise smaller of par in cash or 12.719 shares of Pulte Homes stock
|
| Knock-in price: | $62.90, 80% of initial price of $78.62
|
| Exchange ratio: | 12.719
|
| Exchange price: | $78.62
|
| Call: | Non-callable
|
| Pricing date: | Feb. 25
|
| Settlement date: | March 2
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
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