Published on 2/27/2006 in the Prospect News Convertibles Daily.
New Issue: ABN Amro sells $1.2 million 8% Knock-In Reverse Exchangeables linked to Caterpillar
By Jennifer Chiou
New York, Feb. 27 - ABN Amro Bank NV priced $1.2 million of 8% Knock-In Reverse Exchangeable notes linked to Caterpillar Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable senior medium-term series A notes
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Underlying stock: | Caterpillar Inc.
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Amount: | $1.2 million
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Maturity: | March 1, 2007
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Coupon: | 8%, payable quarterly
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Price: | Par
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Payout at maturity: | If Caterpillar stock closes below the knock-in price of $58.16 at any time, 13.755 shares of Caterpillar stock; otherwise par in cash
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Knock-in price: | $58.16 (80% of initial price)
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Exchange ratio: | 13.755 at maturity
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Exchange price: | $72.70 (closing price of stock on pricing date)
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Pricing date: | Feb. 24
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Settlement date: | March 1
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Lead manager: | LaSalle Financial Services, Inc., ABN Amro Inc.
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Distribution: | Off shelf
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