Published on 2/27/2008 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $550,000 24.6% reverse convertibles linked to Hansen Natural
By E. Janene Geiss
Philadelphia, Feb. 27 - ABN Amro Bank NV priced $550,000 of 24.6% annualized Knock-In Reverse Exchangeable notes due May 30, 2008 linked to Hansen Natural Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
Payout at maturity will be par in cash unless Hansen Natural stock falls below the protection price of $32.87, 75% of the initial price of $43.82, during the life of the notes and finishes below the initial price in which case the payout will be 22.821 shares of Hansen Natural stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable notes
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Underlying stock: | Hansen Natural Corp. (Nasdaq: HANS)
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Amount: | $550,000
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Maturity: | May 30, 2008
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Coupon: | 24.6%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Hansen Natural stock falls below the protection price of $32.87, 75% of the initial price, and finishes below the initial price, in which case 22.821 shares of Hansen Natural stock
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Initial price: | $43.82
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Protection price: | $32.87, 75% of $43.82
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Exchange ratio: | 22.821
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Pricing date: | Feb. 22
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Settlement date: | Feb. 29
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Agent: | ABN Amro Inc.
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Fees: | 2%
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