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SUMMARY
INFORMATION
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Issuer:
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ABN AMRO Bank N.V. (Senior Long Term Debt Rating: Moody’s Aa2, S&P AA-) | ||
Lead
Agent:
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ABN AMRO Incorporated | ||
Offering:
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19.00% Six Month Knock-in Reverse ExchangeableSM Securities linked to the Worst Performing Common Stock of 4 Financial Related Common Stocks (the “Securities”). | ||
Coupon:
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19.00% per annum (30/360), payable monthly in arrears. | ||
Underlying
Stocks:
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The Common Stocks of: The Goldman Sachs Group, Inc. (Ticker Symbol: GS), Lehman Brothers Holdings Inc. (Ticker Symbol: LEH), Merrill Lynch & Co., Inc. (Ticker Symbol: MER), Morgan Stanley (Ticker Symbol: MS). We refer to each of the common stocks as an Underlying Stock. | ||
Denomination/Principal:
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Each Security has a principal amount of $1,000, subject to a minimum purchase of 10 Securities ($10,000). | ||
Payment
at
Maturity:
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• |
If
the closing price of
each
of the
Underlying Stocks has
not fallen below the Knock-In
Level for such Underlying Stock on any trading day during the period
(which we refer to as the “Knock-In
Period”) from but
excluding the Pricing
Date to and including the Determination Date, we will pay you the
principal amount
of each Security in
cash.
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• |
If
the closing price of
any
one or more
of the Underlying Stocks has
fallen below the Knock-In
Level for such Underlying Stock on any trading day during the Knock-In
Period:
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(i) we will deliver to you a number of shares equal to the Stock Redemption Amount of the worst performing Underlying Stock, if the closing price of any one or more of the Underlying Stocks on the Determination Date is below its Initial Price; or | |||
(ii) we will pay you the principal amount of each Security in cash, if the closing price of each of the Underlying Stocks on the Determination Date is at or above its Initial Price. | |||
Worst
Performing
Stock:
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We
will determine which Underlying
Stock was the worst
performing, and accordingly the Stock Redemption Amount of which
Underlying Stock we will deliver to you at maturity in the case
of clause
(i) under “Payment at
Maturity” above, by
calculating, for each Underlying Stock whose Determination Price
is
below its respective Initial
Price, the following percentage:
Determination
Price –
Initial
Price
Initial
Price.
We
will compare the percentages
calculated by the foregoing formula and deliver to you a number
of shares
equal to the Stock Redemption Amount
of the Underlying Stock with the
greatest
percentage decrease.
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Knock-In
Level:
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For each Underlying Stock, 60% of the Initial Price | ||
Interest
Payment
Dates:
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Each month on the 17th day of the month starting on October 17, 2007 and ending on the Maturity Date. |
Issue
Price:
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100%
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Initial
Price:
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For
each Underlying Stock, 100% of
the Closing Price per share on the Pricing Date
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Determination
Price:
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For
each Underlying Stock, 100% of
the Closing Price per share on the Determination Date
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Stock
Redemption
Amount:
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For
each Underlying Stock, a
number of shares of the applicable Underlying Stock equal to $1,000
divided by the applicable Initial Price.
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Coupon
Breakdown:
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Interest
Rate: 5.46%
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Put
Premium:
18.54%
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Indicative
Secondary
Pricing:
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•
Internet
at:
www.us.abnamromarkets.com
•
Bloomberg
at
REXS <GO>
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Status:
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Unsecured,
unsubordinated
obligations of the Issuer
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CUSIP:
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00078UA34
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ISIN: US00078UA34 | |
Trustee:
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Wilmington
Trust
Company
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Securities
Administrator:
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Citibank,
N.A.
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Settlement:
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DTC,
Book Entry,
Transferable
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Selling
Restrictions:
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Sales
in the European Union must
comply with the Prospectus Directive
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Pricing
Date:
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September
6, 2007, subject to
certain adjustments as described in the related pricing
supplement
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Settlement
Date:
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September
17,
2007
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Determination
Date:
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March
12, 2008, subject to certain
adjustments as described in the related pricing
supplement
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Maturity
Date:
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March
17, 2008 (Six
Months)
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•
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If
the closing
price of any one or more of the Underlying
Stocks on the relevant exchange has not fallen
below the Knock-In Level for such Underlying Stock on any trading
day
during the Knock-In Period, we will pay you the principal amount
of each
Security in cash.
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•
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If
the closing
price of any one or more of the Underlying
Stocks on the relevant exchange has fallen below
the Knock-In Level for such Underlying Stock on any trading day
during the
Knock-In Period, we will either:
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•
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Pay
the
principal amount of each Security in cash, if the closing price
of
each of the Underlying Stocks on the
Determination Date is at or above the respective Initial Price
of such
Underlying Stock; or
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•
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Deliver
to
you, in exchange for each $1,000 principal amount of the Securities,
a
number of shares equal to the Stock Redemption Amount of the
Worst Performing Stock, if the closing price of
any one or more of the Underlying Stocks on the
Determination Date is below its respective Initial
Price.
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