Published on 6/15/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.65 million 9.5% knock-in reverse exchangeables linked to Sunoco
New York, June 15 - ABN Amro Bank NV priced $1.65 million nine-month 9.5% Knock-In Reverse Exchangeable notes linked to Sunoco, Inc. common 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 notes, series A
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Underlying stock: | Sunoco Inc.
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Amount: | $1.65 million
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Maturity: | March 15, 2006
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Coupon: | 9.50% annualized, 2.375% per quarter
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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 $86.73, smaller of 9.224 shares of Sunoco stock and par in cash; otherwise par in cash
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Knock-in price: | $86.73 (80% of initial price)
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Exchange ratio: | 9.224
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Initial price: | $108.41 (price of Sunoco stock on pricing date)
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Call: | Non-callable
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Pricing date: | June 10
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Settlement date: | June 15
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Underwriter: | ABN Amro Holding NV
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Distribution: | Off shelf
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