Published on 1/30/2006 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2.55 million 10.25% Knock-In Reverse Exchangeables linked to Sunoco
By Jennifer Chiou
New York, Jan. 30 - ABN Amro Bank NV priced $2.55 million one-year 10.25% Knock-In Reverse Exchangeable notes linked to Sunoco, Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable senior medium-term series A notes
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Underlying stock: | Sunoco Inc.
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Amount: | $2.55 million
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Maturity: | Jan. 30, 2007
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Coupon: | 10.25%, payable quarterly
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Price: | Par
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Payout at maturity: | If Sunoco stock closes any time below the knock-in price of $70.33, smaller of 11.375 shares of Sunoco stock and par in cash; otherwise par in cash
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Knock-in price: | $70.33 (80% of initial price)
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Exchange ratio: | 11.375
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Initial price: | $87.91 (price of Sunoco stock on pricing date)
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Call: | Non-callable
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Pricing date: | Jan. 25
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Settlement date: | Jan. 30
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Underwriters: | LaSalle Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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