Published on 9/22/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2 million 9% reverse exchangeables linked to Schering-Plough
Pittsburgh, Sept. 22 - ABN Amro Bank NV priced $2 million of nine-month 9% reverse exchangeable notes linked to Schering-Plough Corp. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Reverse exchangeable senior fixed-rate medium-term notes series A
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| Underlying stock: | Schering-Plough Corp.
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| Amount: | $2 million
|
| Maturity: | June 22, 2005
|
| Coupon: | 9%
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| Price: | Par
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| Payout at maturity: | Smaller of par in cash or 50.556 shares of Schering-Plough stock
|
| Exchange ration: | 50.556
|
| Exchange price: | $19.78 (initial level of Schering-Plough stock)
|
| Call: | Non-callable
|
| Pricing date: | Sept. 17
|
| Settlement date: | Sept. 22
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
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