Published on 4/30/2008 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.95 million 17% reverse convertibles linked to Advanced Micro Devices
New York, April 30 - ABN Amro Bank NV priced $0.95 million of 17% Knock-In Reverse Exchangeable notes due April 30, 2009 linked to Advanced Micro Devices, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless AMD stock falls below the protection price of $3.03, 50% of the initial price of $6.06, during the life of the notes and finishes below the initial price in which case the payout will be AMD shares equal to $1,000 principal amount divided by the initial price.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
|
Issue: | Knock-In Reverse Exchangeable notes
|
Underlying stock: | Advanced Micro Devices, Inc. (NYSE: AMD)
|
Amount: | $0.95 million
|
Maturity: | April 30, 2009
|
Coupon: | 17%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par in cash unless AMD stock falls below the protection price of $3.06, 50% of the initial price, and finishes below the initial price, in which case AMD shares equal to $1,000 principal amount divided by the initial price
|
Initial price: | $6.06
|
Protection price: $3.03, 50% of $6.06
|
Exchange ratio: | 165.017
|
Pricing date: | April 25
|
Settlement date: | April 30
|
Agent: | ABN Amro Inc.
|
Fees: | 2.50%
|
|
© 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.