By Laura Lutz
Des Moines, Dec. 19 - ABN Amro Bank NV priced $1.6 million of 12% Knock-in Reverse Exchangeable Securities due June 20, 2008 linked to the common stock of Sunoco, Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
If Sunoco stock falls below the knock-in level - 70% of the initial share price - during the life of the securities and finishes below the initial share price, the payout at maturity will be a number of Sunoco shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
ABN Amro Inc. is the lead agent.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in Reverse Exchangeable Securities
|
| Underlying stock: | Sunoco, Inc. (Symbol: SUN)
|
| Amount: | $1.6 million
|
| Maturity: | June 20, 2008
|
| Coupon: | 12%
|
| Price: | Par
|
| Payout at maturity: | If stock falls below knock-in level during life of securities and finishes below initial price, a number of shares equal to par divided by initial price; otherwise, par
|
| Initial price: | $69.00
|
| Knock-in price: | $48.30, 70% of initial price
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 21
|
| Agent: | ABN Amro Inc.
|
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