Published on 7/30/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2.138 million 11.5% reverse exchangeables linked to SanDisk
New York, July 30 - ABN Amro Bank NV priced $2.138 million of one-year 11.5% knock-in reverse exchangeable notes linked to SanDisk Corp. 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
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| Underlying stock: | SanDisk Corp.
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| Amount: | $1.238 million
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| Maturity: | July 29, 2005
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| Coupon: | 11.5%
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| Price: | Par
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| Payout at maturity: | Par in cash if SanDisk stock never trades at knock-in level or below, otherwise smaller of par in cash or 42.863 shares of SanDisk stock
|
| Knock-in price: | $14.00, 60% of initial price of $23.33
|
| Exchange ratio: | 42.863
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| Exchange price: | $23.33 (initial level of SanDisk stock)
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| Call: | Non-callable
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| Pricing date: | July 26
|
| Settlement date: | July 29
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
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