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ABN Amro to issue 14.15% knock-in reverse notes linked to Wynn Resorts
By Angela McDaniels
Seattle, Sept. 20 - ABN Amro Bank NV plans to price an issue of 14.15% Knock-in Reverse Exchangeable Securities due Sept. 29, 2007 linked to the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The proposed pricing date is Sept. 26, and the proposed settlement date is Sept. 29.
Payment at maturity will be determined according to the performance of Wynn Resorts stock. If the stock trades at or below the knock-in price - 80% of the initial price - and closes below the initial price, investors will receive a number of Wynn Resorts shares equal to $1,000 divided by the initial stock price. Otherwise, investors will receive par in cash.
ABN Amro Inc. will be the agent for the offering.
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