Published on 12/31/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.5 million 12.25% reverse exchangeables linked to ValueClick
By Caroline Salls
Pittsburgh, Dec. 29 - ABN Amro Bank NV priced $1.5 million of one-year 12.25% knock-in reverse exchangeable notes linked to ValueClick Inc. common 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 notes
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Underlying stock: | ValueClick Inc.
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Amount: | $1.5 million
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Maturity: | Dec. 30, 2005
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Coupon: | 12.25%
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Price: | Par
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Payout at maturity: | Par is cash if ValueClick stock never trades at knock-in level or below, otherwise smaller of par in cash or 75.075 shares of ValueClick stock
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Knock-in price: | $7.99, 60% of initial price of $13.32
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Exchange ratio: | 75.075
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Exchange price: | $13.32
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Call: | Non-callable
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Pricing date: | Dec. 23
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Settlement date: | Dec. 30
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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