ABN Amro to issue 12% Knock-In Reverse Exchangeables linked to Reliance Steel

By Jennifer Chiou

New York, Dec. 4 - ABN Amro Bank NV plans to price an issue of 12% Knock-In Reverse Exchangeable Securities due Dec. 31, 2007 linked to Reliance Steel & Aluminum Co. stock, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will price on Dec. 26 and settle on Dec. 29.

Payout at maturity will be par in cash unless Reliance Steel stock falls below the knock-in level - 70% of the initial share price - during the life of the notes and finishes below the initial price, in which case the payout will be a number of Reliance Steel shares equal to $1,000 divided by the initial share price.

ABN Amro will be the agent for the offering.

© 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.