Published on 1/29/2008 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $200,000 21.6% reverse convertibles linked to Chipotle
New York, Jan. 29 - ABN Amro Bank NV priced $200,000 of 21.6% Knock-In Reverse Exchangeable notes due April 30, 2008 linked to Chipotle Mexican stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless Chipotle stock falls below the protection price of $96.59, 75% of the initial price of $128.79, during the life of the notes and finishes below the initial price in which case the payout will be 7.765 shares of Chipotle 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: | Chipotle Mexican
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Amount: | $200,000
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Maturity: | April 30, 2008
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Coupon: | 21.6%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Chipotle stock falls below the protection price of $96.59, 75% of the initial price, and finishes below the initial price, in which case 7.765 shares of Chipotle stock.
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Initial price: | $128.79
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Protection price: | $96.59, 75% of $128.79
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Exchange ratio: | 7.765
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Pricing date: | Jan. 25
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Settlement date: | Jan. 30
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Agent: | ABN Amro Inc.
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Agent fee: | 2%
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