Published on 3/27/2007 in the Prospect News Structured Products Daily.
New Issue: ABN Amro sells $0.35 million 10.5% notes linked to Yahoo!
By Jennifer Chiou
New York, March 27 - ABN Amro Bank NV priced $0.35 million of 10.5% Knock-In Reverse Exchangeable notes due Sept. 28, 2007 linked to Yahoo! Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payment at maturity will be determined according to the performance of Yahoo! stock. If the stock trades at or below $25.088, the knock-in price, and closes below $31.36, the initial price, between March 23, 2007 and Sept. 25, 2007, investors will receive a number of Yahoo! shares equal to $1,000 divided by the initial stock price. Otherwise, investors will receive par in cash.
The knock-in price is 80% of the initial price.
Issuer: | ABN Amro Bank NV
|
Issue: | Knock-In Reverse Exchangeable notes
|
Underlying stock: | Yahoo! Inc.
|
Amount: | $0.35 million
|
Maturity: | Sept. 28, 2007
|
Coupon: | 10.5%, payable monthly
|
Price: | Par
|
Payout at maturity: | If Yahoo! stock closes below the knock-in price during the life of the notes and finishes below the initial price, 31.888 shares of Yahoo! stock; otherwise par in cash
|
Initial price: | $31.36
|
Knock-in price: | $25.088, 80% of the initial price
|
Exchange ratio: | 31.888
|
Pricing date: | March 23
|
Settlement date: | March 28
|
Agent: | ABN Amro Inc.
|
Agent fees: | 2%
|
© 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.