New Issue: ABN Amro sells $850,000 15.75% Knock-In Reverse Exchangeables linked to XM Satellite

By Jennifer Chiou

New York, March 14 - ABN Amro Bank NV priced $0.85 million of 15.75% Knock-In Reverse Exchangeable notes due Dec.15, 2006 linked to XM Satellite Radio Holdings Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term series A notes
Underlying stock:	XM Satellite Radio Holdings Inc.
Amount:	$0.85 million
Maturity:	Dec. 15, 2006
Coupon:	15.75%, payable quarterly
Price:	Par
Payout at maturity:	If XM Satellite Radio stock closes below the knock-in price of $16.68 at any time, 47.962 shares of XM Satellite Radio stock; otherwise par in cash
Knock-in price:	$16.68 (80% of initial price)
Exchange ratio:	47.962 at maturity
Exchange price:	$20.85 (closing price of stock on pricing date)
Pricing date:	March 10
Settlement date:	March 15
Lead manager:	LaSalle Financial Services, Inc., ABN Amro Inc.
Distribution:	Off shelf

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.