Published on 10/21/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.55 million 8% reverse exchangeables linked to Walt Disney
By Jennifer Chiou
New York, Oct. 21 - ABN Amro Bank NV priced $1.55 million one-year 8% reverse exchangeable notes linked to Walt Disney Co. 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, series A
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Underlying stock: | Walt Disney Co.
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Amount: | $1.55 million
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Maturity: | Oct. 19, 2006
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Coupon: | 8%, payable quarterly
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Price: | Par
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Payout at maturity: | If Walt Disney stock closes below the initial price of $23.39, 42.753 Walt Disney shares per $1,000 principal amount; otherwise par in cash
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Exchange ratio: | 42.753
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Initial price: | $23.39 (closing price of stock on pricing date)
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Pricing date: | Oct. 14
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Settlement date: | Oct. 19
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Underwriters: | LaSalle Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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