Published on 5/30/2008 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $675,000 12.25% knock-in notes linked to Research In Motion
By Susanna Moon
Chicago, May 30 - ABN Amro Bank NV priced $675,000 of 12.25% Knock-in Reverse Exchangeable Securities due Sept. 3, 2008 linked to the common stock of Research In Motion Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless Research In Motion stock falls by more than 25% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Research In Motion shares equal to $1,000 divided by the initial share price.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-in Reverse Exchangeable Securities
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Underlying stock: | Research In Motion Ltd. (Nasdaq: RIMM)
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Amount: | $675,000
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Maturity: | Sept. 3, 2008
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Coupon: | 12.25%, payable monthly
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Price: | Par
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Payout at maturity: | If Research In Motion stock closes below the knock-in level during the life of the notes and finishes below the initial share price, 7.195 Research In Motion shares; otherwise, par
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Initial share price: | $138.98
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Knock-in level: | $104.24, or 75% of initial share price
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Pricing date: | May 29
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Settlement date: | June 3
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Agent: | ABN Amro Inc.
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