By Laura Lutz
Des Moines, Dec. 20 - ABN Amro Bank NV priced $1.5 million of 13.75% annualized Knock-in Reverse Exchangeable Securities due April 3, 2008 linked to the common stock of Accenture Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
If Accenture stock falls below the knock-in level - 80% of the initial share price - during the life of the securities and finishes below the initial share price, the payout at maturity will be a number of Accenture shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
ABN Amro Inc. is the lead agent.
| Issuer: | ABN Amro Bank NV
|
| Issue: | Knock-in Reverse Exchangeable Securities
|
| Underlying stock: | Accenture Ltd. (Symbol: ACN)
|
| Amount: | $1.5 million
|
| Maturity: | April 3, 2008
|
| Coupon: | 13.75%
|
| Price: | Par
|
| Payout at maturity: | If stock falls below knock-in level during life of securities and finishes below initial price, shares equal to par divided by initial price; otherwise, par
|
| Initial price: | $35.42
|
| Knock-in price: | $28.34, 80% of initial price
|
| Pricing date: | Dec. 18
|
| Settlement date: | Jan. 3
|
| Agent: | ABN Amro Inc.
|
| Fees: | 1.525%
|
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