Published on 4/30/2008 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.85 million 12.5% reverse convertibles linked to Weyerhaeuser
New York, April 30 - ABN Amro Bank NV priced $0.85 million of 12.5% Knock-In Reverse Exchangeable notes due Oct. 31, 2008 linked to Weyerhaeuser Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless Weyerhaeuser stock falls below the protection price of $52.78, 80% of the initial price of $65.97, during the life of the notes and finishes below the initial price in which case the payout will be 15.158 shares of Weyerhaeuser stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable notes
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Underlying stock: | Weyerhaeuser Co. (NYSE: WY)
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Amount: | $0.85 million
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Maturity: | Oct. 31, 2008
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Coupon: | 12.5%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Weyerhaeuser stock falls below the protection price of $52.78, 80% of the initial price, and finishes below the initial price, in which case 15.158shares of Weyerhaeuser stock
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Initial price: | $65.97
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Protection price: | $52.78, 80% of $65.97
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Exchange ratio: | 15.158
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Pricing date: | April 25
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Settlement date: | April 30
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Agent: | ABN Amro Inc.
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Fees: | 1.75%
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