Published on 9/28/2007 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $1 million 13% reverse convertibles linked to Amazon
New York, Sept. 28 - ABN Amro Bank NV priced $1 million of 13% Knock-In Reverse Exchangeable notes due Sept. 26, 2008 linked to Amazon.com, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless Amazon stock falls below the protection price, 70% of the initial price of $93.48, during the life of the notes and finishes below the initial price in which case the payout will be 10.697 shares of Amazon stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
|
Issue: | Knock-In Reverse Exchangeable notes
|
Underlying stock: | Amazon.com, Inc.
|
Amount: | $1 million
|
Maturity: | Sept. 26, 2008
|
Coupon: | 13%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par in cash unless Amazon stock falls below the protection price, 70% of the initial price, and finishes below the initial price, in which case 10.697 shares of Amazon stock.
|
Initial price: | $93.48
|
Exchange ratio: | 10.697
|
Pricing date: | Sept. 25
|
Settlement date: | Sept. 28
|
Agent: | ABN Amro Inc.
|
Agent fee: | 2.5%
|
|
© 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.