New Issue: ABN Amro prices $2 million 6.75% reverse convertibles linked to Caterpillar

New York, Aug. 6 - ABN Amro Bank NV priced $2 million of 6.75% Knock-In Reverse Exchangeable notes due Feb. 6, 2009 linked to Caterpillar Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Caterpillar shares fall below the protection price of $42.48, 63% of the initial price of $67.43, during the life of the notes and finish below the initial price in which case the payout will be 14.830 shares of Caterpillar stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Caterpillar Inc. (Symbol: CAT)
Amount:	$2 million
Maturity:	Feb. 6, 2009
Coupon:	6.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Caterpillar shares fall below the protection price of $42.48, 63% of the initial price, and finish below the initial price, in which case 14.830 shares of Caterpillar stock
Initial price:	$67.43
Protection price:	$42.48, 63% of $67.43
Exchange ratio:	14.830
Pricing date:	Aug. 4
Settlement date:	Aug. 7
Agent:	ABN Amro Inc.
Fees:	0.75%

© 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.