Published on 6/8/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $6.5 million 9.25% reverse exchangeables linked to MBNA
New York, June 8 - ABN Amro Bank NV priced $6.5 million one-year 9.25% Reverse Exchangeable notes linked to MBNA Corp. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | ABN Amro Bank NV
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| Issue: | Reverse Exchangeable senior medium-term notes, series A
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| Underlying stock: | MBNA Corp.
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| Amount: | $6.5 million
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| Maturity: | June 8, 2006
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| Coupon: | 9.25%, payable semiannually
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| Price: | Par
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| Payout at maturity: | Par in cash if MBNA stock closes at or above initial price of $21.25, otherwise 47.059 shares of MBNA stock
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| Exchange ratio: | 47.059
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| Exchange price: | $21.25 (initial level of MBNA stock)
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| Pricing date: | June 3
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| Settlement date: | June 8
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| Lead managers: | ABN Amro Financial Services, Inc., ABN Amro Inc.
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