New Issue: ABN Amro prices $3.225 million 16% notes linked to SanDisk

New York, Jan. 30 - ABN Amro Bank NV priced a $3.225 million issue of 16% Knock-In Reverse Exchangeable Securities due Jan. 31, 2008 linked to the common stock of SanDisk Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless SanDisk stock falls below the knock-in level during the life of the notes and finishes below the initial share price of $42.73, in which case the payout will be 23.403 shares. The knock-in level is 70% of the initial level.

ABN Amro is agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable Securities
Underlying stock:	SanDisk Corp.
Amount:	$3.225 million
Maturity:	Jan. 31, 2008
Coupon:	16%, payable monthly
Price:	Par
Payout at maturity:	Par if SanDisk stock remains at or above the knock-out level, 70% of the initial level, during the life of the notes or finishes at or above the initial share price; otherwise, 23.403 shares of SanDisk stock
Knock-in level:	70% of the initial share price
Initial share price:	$42.73
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	ABN Amro
Agent fees:	2.5%

© 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.