Published on 11/16/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $2.8 million 11.25% Knock-In Reverse Exchangeables linked to JetBlue
New York, Nov. 16 - ABN Amro Bank NV priced $2.8 million 11.25% Knock-In Reverse Exchangeable notes due Nov. 16, 2006 linked to JetBlue Airways Corp. stock, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-In Reverse Exchangeable senior medium-term series A notes
|
| Underlying stock: | JetBlue Airways Corp.
|
| Amount: | $2.8 million
|
| Maturity: | Nov. 16, 2006
|
| Coupon: | 11.25%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par in cash if JetBlue stock never trades at the knock-in level of $11.69 or below, otherwise smaller of par in cash or 51.308 shares of JetBlue stock
|
| Knock-in price: | $11.69, 60% of initial price
|
| Exchange ratio: | 51.308
|
| Exchange price: | $19.49 (initial level of JetBlue stock)
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 16
|
| Lead manager: | LaSalle Financial Services, Inc., ABN Amro Inc.
|
| Distribution: | Off shelf
|
|
|
© 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.
