Published on 4/11/2006 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $505,000 10.25% Knock-In Reverse Exchangeables linked to Ameritrade
By Jennifer Chiou
New York, April 11 - ABN Amro Bank NV priced $0.505 million of 10.25% Knock-In Reverse Exchangeable notes linked to Ameritrade Holding Corp. stock, according to a 424B2 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: | Ameritrade Holding Corp.
|
Amount: | $0.505 million
|
Maturity: | April 12, 2007
|
Coupon: | 10.25%, payable quarterly
|
Price: | Par
|
Payout at maturity: | If Ameritrade stock closes below the knock-in price of $17.13 at any time, 46.707 shares of Ameritrade stock; otherwise par in cash
|
Exchange price: | $21.41 (closing price of stock on pricing date)
|
Exchange ratio: | 46.707 at maturity
|
Knock-in price: | $17.13 (80% of initial price)
|
Pricing date: | April 7
|
Settlement date: | April 12
|
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.