Published on 8/25/2005 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.35 million 10% reverse exchangeables linked to Scientific-Atlanta
By Jennifer Chiou
New York, Aug. 25 - ABN Amro Bank NV priced $1.35 million nine-month 10% reverse exchangeable notes linked to Scientific-Atlanta, Inc. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
Based in Lawrenceville, Ga., Scientific-Atlanta provides broadband transmission networks for television.
Issuer: | ABN Amro Bank NV
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Issue: | Reverse exchangeable senior medium-term notes, series A
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Underlying stock: | Scientific-Atlanta, Inc.
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Amount: | $1.35 million
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Maturity: | May 24, 2006
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Coupon: | 10%
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Price: | Par
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Payout at maturity: | If Scientific-Atlanta stock closes below the initial price of $36.57, 27.345 Scientific-Atlanta shares per $1,000 principal amount; otherwise par in cash
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Exchange ratio: | 27.345
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Initial price: | $36.57 (closing price of stock on pricing date)
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Pricing date: | Aug. 19
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Settlement date: | Aug. 24
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Underwriters: | ABN Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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