Published on 11/9/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.5 million 9.75% Knock-In Reverse Exchangeables linked to Symantec
By Jennifer Chiou
New York, Nov. 9 - ABN Amro Bank NV priced $1.5 million 9.75% Knock-In Reverse Exchangeable notes due Nov. 8, 2006 linked to Symantec Corp. 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: | Symantec Corp.
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Amount: | $1.5 million
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Maturity: | Nov. 8, 2006
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Coupon: | 9.75%, payable quarterly
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Price: | Par
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Payout at maturity: | Par in cash if Symantec stock never trades at the knock-in level of $12.96 or below, otherwise smaller of par in cash or 53.996 shares of Symantec stock
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Knock-in price: | $12.96, 70% of initial price
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Exchange ratio: | 53.996
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Exchange price: | $18.52 (initial level of Symantec stock)
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Pricing date: | Nov. 3
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Settlement date: | Nov. 8
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Lead manager: | LaSalle Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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