Published on 1/30/2007 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $750,000 of 10.7% notes linked to Boeing via LaSalle
By Laura Lutz
Washington, Jan. 30 - ABN Amro Bank NV priced a $750,000 issue of 10.7% Knock-In Reverse Exchangeable Securities due April 30, 2007 linked to the common stock of The Boeing Co. via agent LaSalle Financial Services, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless Boeing stock falls below the knock-in level of $76.887 during the life of the notes and finishes below the initial share price of $85.43, in which case the payout will be a number of Boeing shares equal to $1,000 divided by the initial share price.
Issuer: | ABN Amro Bank NV
|
Issue: | Knock-In Reverse Exchangeable Securities
|
Underlying stock: | The Boeing Co.
|
Amount: | $750,000
|
Maturity: | April 30, 2007
|
Coupon: | 10.7%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par if Boeing stock remains at or above the knock-out level during the life of the notes or finishes at or above the initial share price; otherwise, 11.705 shares of Boeing stock
|
Knock-in level: | $76.887, 90% of the initial share price
|
Initial share price: | $85.43
|
Pricing date: | Jan. 26
|
Settlement date: | Jan. 31
|
Agent: | LaSalle Financial Services, Inc.
|
Agent fees: | 1.125%
|
© 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.