Published on 3/30/2004 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $4 million 14.5% reverse exchangeables linked to JDS Uniphase
New York, March 30 - ABN Amro Bank NV priced $4 million of one-year 14.5% knock-in reverse exchangeable notes linked to JDS Uniphase Corp. stock, according to a 424B3 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: | JDS Uniphase Corp.
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Amount: | $4 million
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Maturity: | March 31, 2005
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Coupon: | 14.5%
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Price: | Par
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Payout at maturity: | Par in cash if JDS Uniphase stock never trades at knock-in level or below, otherwise smaller of par in cash or 240.964 shares of JDS Uniphase stock
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Knock-in price: | $2.91, 70% of initial price of $4.15
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Exchange ratio: | 240.964
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Exchange price: | $4.15 (initial level of JDS Uniphase stock)
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Call: | Non-callable
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Pricing date: | March 26
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Settlement date: | March 31
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Lead manager: | ABN Amro Financial Services
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Distribution: | Off shelf
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