Published on 1/20/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2.5 million 9.25% reverse exchangeables linked to Texas Instruments
By Caroline Salls
Pittsburgh, Jan. 20 - ABN Amro Bank NV priced $2.5 million of one-year 9.25% reverse exchangeable notes linked to Texas Instruments Inc. common stock, 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: | $2.5 million
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Maturity: | Jan. 20, 2006
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Coupon: | 9.25%
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Price: | Par
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Payout at maturity: | Smaller of par in cash or 44.504 shares of Texas Instruments stock
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Exchange ratio: | 44.504
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Exchange price: | $22.47 (initial level of Texas Instruments stock)
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Call: | Non-callable
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Pricing date: | Jan. 14
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Settlement date: | Jan. 20
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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