Published on 2/10/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $370,000 9.25% reverse exchangeables linked to Sears
By Caroline Salls
Pittsburgh, Feb. 10 - ABN Amro Bank NV priced $370,000 of nine-month 9.25% reverse exchangeable notes linked to Sears, Roebuck and Co. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Reverse exchangeable medium-term notes
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Underlying stock: | Sears, Roebuck and Co.
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Amount: | $370,000
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Maturity: | Nov. 9, 2005
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Coupon: | 9.25%
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Price: | Par
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Payout at maturity: | Smaller of par in cash or 19.120 shares of Sears stock
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Exchange ratio: | 19.120
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Exchange price: | $52.30 (initial price of Sears stock)
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Call: | Non-callable
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Pricing date: | Feb. 4
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Settlement date: | Feb. 9
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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