Published on 12/15/2003 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $3 million 12% reverse exchangeables linked to Yahoo!
New York, Dec. 15 - ABN Amro Bank NV priced $3 million of one-year 12% knock-in reverse exchangeable notes linked to Yahoo! Inc. stock, according to a filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-in reverse exchangeable senior medium-term notes
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Underlying stock: | Yahoo! Inc.
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Amount: | $3 million
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Maturity: | Dec. 17, 2004
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Coupon: | 12.00%
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Price: | Par
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Payout at maturity: | Par in cash if Yahoo! stock always trades above knock-in level, otherwise smaller of par in cash or 23.267 shares of Yahoo! stock
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Exchange ratio: | 23.267
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Exchange price: | $34.38 (80% of initial level of Yahoo! Stock)
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Call: | Non-callable
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Pricing date: | Dec. 12
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Settlement date: | Dec. 17
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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