Published on 9/26/2007 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.4 million 18% reverse convertibles linked to Smith & Wesson
New York, Sept. 26 - ABN Amro Bank NV priced $0.4 million of 18% Knock-In Reverse Exchangeable notes due March 27, 2008 linked to Smith & Wesson Holding Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless Smith & Wesson stock falls below the protection price, 70% of the initial price of $18.14, during the life of the notes and finishes below the initial price in which case the payout will be 55.127 shares of Smith & Wesson stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable notes
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Underlying stock: | Smith & Wesson Holding Corp.
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Amount: | $0.4 million
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Maturity: | March 27, 2008
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Coupon: | 18%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Smith & Wesson stock falls below the protection price, 70% of the initial price, and finishes below the initial price, in which case 55.127 shares of Smith & Wesson stock.
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Initial price: | $18.14
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Exchange ratio: | 55.127
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Pricing date: | Sept. 24
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Settlement date: | Sept. 27
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Agent: | ABN Amro Inc.
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Agent fee: | 2.5%
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