Published on 10/12/2007 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $1.2 million 12% reverse convertibles linked to Smith & Wesson
New York, Oct. 12 - ABN Amro Bank NV priced $1.2 million of 12% Knock-In Reverse Exchangeable notes due April 15, 2008 linked to Smith & Wesson Holding Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless Smith & Wesson stock falls below the protection price of $12.53, 60% of the initial price of $20.88, during the life of the notes and finishes below the initial price in which case the payout will be 47.893 shares of Smith & Wesson stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable notes
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Underlying stock: | Smith & Wesson Holding Corp.
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Amount: | $1.2 million
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Maturity: | April 15, 2008
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Coupon: | 12%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Smith & Wesson stock falls below the protection price of $12.53, 60% of the initial price, and finishes below the initial price, in which case 47.893 shares of Smith & Wesson stock.
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Initial price: | $20.88
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Protection price: | $12.53, 60% of $20.88
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Exchange ratio: | 47.893
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Pricing date: | Oct. 10
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Settlement date: | Oct. 15
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Agent: | ABN Amro Inc.
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Agent fee: | 2.75%
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