By Angela McDaniels
Seattle, June 26 - ABN Amro Bank NV priced $4.65 million of 9.75% Knock-in Reverse Exchangeable Securities due June 27, 2008 linked to the common stock of Schlumberger NV, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless Schlumberger stock falls by more than 20% during the life of the securities and finishes below the initial share price, in which case the payout will be a number of Schlumberger shares equal to $1,000 divided by the initial share price.
LaSalle Financial Services is the agent.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in Reverse Exchangeable Securities
|
| Underlying stock: | Schlumberger NV
|
| Amount: | $4.65 million
|
| Maturity: | June 27, 2008
|
| Coupon: | 9.75%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If Schlumberger stock closes below the knock-in level during the life of the notes and finishes below the initial share price, 11.211 Schlumberger shares; otherwise, par
|
| Initial share price: | $89.20
|
| Knock-in level: | $71.36, 80% of initial share price
|
| Pricing date: | June 22
|
| Settlement date: | June 27
|
| Agent: | LaSalle Financial Services
|
| Fees: | 3%
|
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