New Issue: ABN Amro prices $1 million 10.3% reverse convertibles linked to Cisco

New York, Jan. 23 - ABN Amro Bank NV priced $1 million of 10.3% Knock-In Reverse Exchangeable notes due Jan. 23, 2009 linked to Cisco Systems, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

If Cisco stock falls below the protection price of $17.01, 70% of the initial price, during the life of the notes and finishes below the initial price, the payout at maturity will be a number of Cisco shares equal to par divided by the initial price.

Otherwise, the payout will be par.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Cisco Systems, Inc. (Nasdaq: CSCO)
Amount:	$1 million
Maturity:	Jan. 23, 2009
Coupon:	10.3%, payable monthly
Price:	Par
Payout at maturity:	If Cisco falls below protection price and finishes below initial price, Cisco shares equal to par divided by initial price; otherwise, par
Initial price:	$24.30
Protection price:	$17.01, 70% of the initial price.
Exchange ratio:	41.152
Pricing date:	Jan. 18
Settlement date:	Jan. 24
Agent:	ABN Amro Inc.
Fees:	2.55%

© 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.