Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for ABN Amro Bank NV > News item |
ABN Amro to price 10.5% reverse convertibles linked to Intel
New York, Nov. 13 - ABN Amro Bank NV plans to price 10.5% Knock-In Reverse Exchangeable notes due May 28, 2010 linked to Intel Corp. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Intel shares fall below 80% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of Intel shares equal to $1,000 divided by the initial price.
The notes are expected to price on Nov. 24 and settle on Nov. 30.
RBS Securities Inc. is the agent.
© 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.