Published on 10/10/2003 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $15 million 11% reverse exchangeables linked to Schering-Plough
New York, Oct. 10 - ABN Amro Bank NV priced $15 million 11% reverse exchangeable notes linked to Schering-Plough Corp. stock, according to a filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Reverse exchangeable senior medium-term notes
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Underlying stock: | Schering-Plough Corp.
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Amount: | $15 million
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Maturity: | Oct. 15, 2004
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Coupon: | 11%
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Price: | Par
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Payout at maturity: | Lesser of par in cash or 62.189 shares of Schering-Plough Corp. stock
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Exchange ratio: | 62.189 (at maturity only)
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Exchange price: | $16.08
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Pricing date: | Oct. 9
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Settlement: | Oct. 15
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Lead manager: | ABN Amro Financial Services
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