New Issue: ABN Amro prices $6 million 17% knock-in notes linked to Nasdaq Stock Market

By Angela McDaniels

Seattle, April 27 - ABN Amro Bank NV priced a $6 million issue of Knock-in Reverse Exchangeable Securities due July 27, 2007 linked to the common stock of the Nasdaq Stock Market, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The three-month notes will pay 4.25% for an annualized rate of 17%. Interest is payable monthly.

The payout at maturity will be par unless Nasdaq stock falls below the knock-in level of $26.51 during the life of the notes and finishes below the initial share price of $33.14, in which case the payout will be a number of Nasdaq shares equal to $1,000 divided by the initial share price.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	The Nasdaq Stock Market, Inc.
Amount:	$6 million
Maturity:	July 27, 2007
Coupon:	17%, payable monthly
Price:	Par
Payout at maturity:	If Nasdaq falls below the knock-in level during the life of the notes and finishes below the initial share price, 30.175 Nasdaq shares; otherwise, par
Initial share price:	$33.14
Knock-in level:	$26.51, 80% of initial share price
Pricing date:	April 25
Settlement date:	April 27
Agent:	ABN Amro Inc.
Agent fees:	1.5%

© 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.