Published on 1/31/2008 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $2.2 million 22% reverse convertibles linked to IntercontinentalExchange
New York, Jan. 31 - ABN Amro Bank NV priced $2.2 million of 22% Knock-in Reverse Exchangeable Securities due April 30, 2008 linked to IntercontinentalExchange, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless IntercontinentalExchange stock falls below the protection price of $113.51 - 80% of the initial price - and finishes below the initial price, in which case the payout will be 7.048 shares of IntercontinentalExchange stock.
ABN Amro Inc. is the agent.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in Reverse Exchangeable Securities
|
| Underlying stock: | IntercontinentalExchange, Inc. (NYSE: ICE)
|
| Amount: | $2.2 million
|
| Maturity: | April 30, 2008
|
| Coupon: | 22%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par in cash unless IntercontinentalExchange stock falls below the protection price and finishes below the initial price, in which case 7.048 shares of IntercontinentalExchange stock
|
| Initial price: | $141.89
|
| Protection price: | $113.51, 80% of the initial price
|
| Exchange ratio: | 7.048
|
| Pricing date: | Jan. 29
|
| Settlement date: | Jan. 31
|
| Agent: | ABN Amro Inc.
|
| Fees: | 3.5%
|
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