Published on 2/18/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $8.25 million 10% reverse exchangeables linked to Texas Instruments
New York, Feb. 18 - ABN Amro Bank NV priced $8.25 million of one-year 10% reverse exchangeable notes linked to the common stock of Texas Instruments Inc., according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Reverse exchangeable senior medium-term notes
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Underlying stock: | Texas Instruments Inc.
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Amount: | $8.25 million
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Maturity: | Feb. 18, 2005
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Coupon: | 10%
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Price: | Par
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Payout at maturity: | Smaller of par in cash or 32.499 shares of Texas Instruments stock
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Exchange ratio: | 32.499
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Exchange price: | $30.77 (initial level of Texas Instruments stock)
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Call: | Non-callable
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Pricing date: | Feb. 13
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Settlement date: | Feb. 19
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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