New Issue: ABN prices $1.8 million 9.5% Knock-In Reverse Exchangeables linked to Texas Instruments

By Angela McDaniels

Seattle, April 25 - ABN Amro Bank NV priced $1.8 million of 9.5% Knock-In Reverse Exchangeable notes due April 26, 2007 linked to Texas Instruments Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term notes, series A
Underlying stock:	Texas Instruments Inc.
Amount:	$1.8 million
Maturity:	April 26, 2007
Coupon:	9.5%, payable quarterly
Price:	Par
Payout at maturity:	If Texas Instruments stock closes below the knock-in price during the life of the notes and finishes below the initial price, 28.297 shares of Texas Instruments stock; otherwise par in cash
Initial stock price:	$35.34
Knock-in price:	$30.04, 85% of initial price
Exchange ratio:	28.297 shares, at maturity
Pricing date:	April 21
Settlement date:	April 26
Agents:	LaSalle Financial Services Inc., ABN Amro Inc.
Distribution:	Off shelf

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.