Published on 12/8/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $850,000 9.5% reverse exchangeables linked to Veritas Software
By Caroline Salls
Pittsburgh, Dec. 8 - ABN Amro Bank NV priced $850,000 of one-year 9.50% knock-in reverse exchangeable notes linked to Veritas Software Corp. common 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 notes
|
| Underlying stock: | Veritas Software Corp.
|
| Amount: | $850,000
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| Maturity: | Dec. 8, 2005
|
| Coupon: | 9.50%
|
| Price: | Par
|
| Payout at maturity: | Par in cash if Veritas Software stock never trades at knock-in level or below, otherwise smaller of par in cash or 40.486 shares of Veritas Software stock
|
| Knock-in price: | $17.29, 70% of initial price of $24.70
|
| Exchange ratio: | 40.486
|
| Exchange price: | $24.70
|
| Call: | Non-callable
|
| Pricing date: | Dec. 3
|
| Settlement date: | Dec. 8
|
| Lead manager: | ABN Amro Financial Services
|
| Distribution: | Off shelf
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