New Issue: ABN Amro sells $1.65 million 15% Knock-In Reverse Exchangeables linked to Valero Energy

By Jennifer Chiou

New York, Feb. 13 - ABN Amro Bank NV priced $1.65 million of one-year 15% Knock-In Reverse Exchangeable notes linked to Valero Energy Corp. stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term series A notes
Underlying stock:	Valero Energy Corp.
Amount:	$1.65 million
Maturity:	Feb. 15, 2007
Coupon:	15%
Price:	Par
Payout at maturity:	If Valero Energy stock closes below the knock-in price of $40.52 at any time, 19.743 shares of Valero Energy stock; otherwise par in cash
Knock-in price:	$40.52 (80% of initial price)
Exchange ratio:	19.743 at maturity
Exchange price:	$50.65 (closing price of stock on pricing date)
Pricing date:	Feb. 10
Settlement date:	Feb. 15
Underwriters:	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.