Published on 9/29/2003 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.385 million 11 % reverse exchangeables linked to Applied Materials
New York, Sept. 29 - ABN Amro Bank NV priced $1.385 million 11% reverse exchangeable notes linked to Applied Materials, 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: | Applied Materials, Inc.
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Amount: | $1.385 million
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Maturity: | Sept. 30, 2004
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Coupon: | 11%
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Price: | Par
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Payout at maturity: | Par in cash if underlying stock remains above knock-in level throughout term of notes
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| If knock-in level is reached, smaller of par in cash or 53.562 shares
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Knock-in level: | $14.94, 80% of initial $18.67 price of Applied Materials stock
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Exchange ratio: | 53.562 shares of Applied Materials stock
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Pricing date: | Sept. 25
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Settlement: | Sept. 30
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Lead manager: | ABN Amro Financial Services
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