New Issue: ABN Amro prices $1.5 million 10.5% reverse convertibles linked to Microsoft

New York, July 14 - ABN Amro Bank NV priced $1.5 million of 10.5% Knock-In Reverse Exchangeable notes due Jan. 16, 2009 linked to Microsoft Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Microsoft shares fall below the protection price of $20.20, 80% of the initial price of $25.25, during the life of the notes and finish below the initial price in which case the payout will be 39.604 shares of Microsoft stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Microsoft Corp.
Amount:	$1.5 million
Maturity:	Jan. 16, 2009
Coupon:	10.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Microsoft shares fall below the protection price of $20.20, 80% of the initial price, and finish below the initial price, in which case 39.604 shares of Microsoft stock
Initial price:	$25.25
Protection price:	$20.20, 80% of $25.25
Exchange ratio:	39.604
Pricing date:	July 11
Settlement date:	July 16
Agent:	ABN Amro Inc.
Fees:	1.75%

© 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.