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Document Preview Medium-Term Notes, Series A (Senior Fixed Rate Notes) |
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Title: |
Medium-Term Notes, Series A (Senior Fixed Rate Notes) |
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Entities: |
ABN AMRO Bank N.V.; Cede & Co.; Chase Manhattan Bank; Citibank, NA; General Electric Co.; JPMorgan Chase Bank; ABN AMRO Holding NV; Bank of New York; Davis Polk & Wardwell |
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Date: |
2003 |
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Preview shows 9KB of 337KB total |
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$91 |
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ID: |
#220925 |
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$9,750,000
ABN AMRO BANK N.V.
MEDIUM-TERM NOTES, SERIES A
SENIOR FIXED RATE NOTES
----------------
10.00% REVERSE EXCHANGEABLE SECURITIES DUE FEBRUARY 5, 2004
LINKED TO COMMON STOCK OF GENERAL ELECTRIC COMPANY
The Securities do not guarantee any return of principal at maturity. Instead, if
the closing price of the shares of common stock of General Electric Company,
which we refer to as the Underlying Shares, is below a certain level on the
third trading day prior to the maturity date, which we refer to as the
determination date, we will exchange each Security for a predetermined number of
Underlying Shares. THE MARKET VALUE OF THOSE SHARES WILL BE LESS THAN THE
PRINCIPAL AMOUNT OF EACH SECURITY AND COULD BE ZERO.
{TABLE}
{S} {C} {C} {C}
SECURITIES 10.00% Reverse Exchangeable PAYMENT AT The payment at maturity is based on the
Securities due February 5, 2004. MATURITY closing price of the Underlying Shares
on the determination date.
PRINCIPAL AMOUNT $9,750,000
- If the closing price per Underlying
UNDERLYING SHARES Common stock, par value $0.06 per share Share on the determination date is at
of General Electric Company or above the initial price, we will
pay the principal amount of each
INTEREST RATE 10.00% per annum, payable Security in cash.
semi-annually in arrear on August 5,
2003 and February 5, 2004 - If the closing price per Underlying
Share on the determination date is
ISSUE PRICE 100% below the initial price, we will
deliver to you, in exchange for each
ORIGINAL ISSUE February 5, 2003 $1,000 principal amount of the
DATE (SETTLEMENT Securities, a number of Underlying
DATE) Shares equal to the stock redemption
amount.
MATURITY DATE February 5, 2004
- You will receive cash in lieu of
INITIAL PRICE $23.14(the closing price per fractional shares.
Underlying Share on January 31,
2003, the date we priced the DENOMINATIONS The Securities may be purchased in
Securities, subject to adjustment denominations of $1,000 and integral
for certain corporate events multiples thereof.
affecting the Underlying Shares,
which we describe in "Description of FORM OF The Securities will be represented by a
Securities -- Adjustment Events"). SECURITIES single registered global security,
deposited with the Depository Trust
STOCK REDEMPTION 43.215 Underlying Shares for each Company.
AMOUNT $1,000 principal amount of the
Securities, which is equal to $1,000 NO AFFILIATION General Electric Company, which we
divided by the initial price. WITH GENERAL refer to as General Electric, is not an
ELECTRIC affiliate of ours and is not involved
DETERMINATION DATE The third trading day prior to the COMPANY with this offering in any way. The
maturity date, subject to adjustment obligations represented by the
in certain circumstances which we Securities are our obligations, not
describe in "Description of the those of General Electric. Investing in
Securities -- Determination Date". the Securities is not equivalent to
investing in General Electric common stock.
LISTING The Securities have been approved for
listing on the American Stock Exchange LLC,
which we refer to as the AMEX, subject to
official notice of issuance. The AMEX symbol
for the Securities is "REX.X".
{/TABLE}
THE SECURITIES ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR
ANY OTHER FEDERAL AGENCY.
THE SECURITIES INVOLVE RISKS NOT ASSOCIATED WITH AN INVESTMENT IN CONVENTIONAL
DEBT SECURITIES. SEE "RISK FACTORS" BEGINNING ON PS-7.
The Securities and Exchange Commission and state securities regulators have not
approved or disapproved these Securities, or determined if this Pricing
Supplement or the accompanying Prospectus or Prospectus Supplement is truthful
or complete. Any representation to the contrary is a criminal offense.
THE AGENTS ARE NOT OBLIGATED TO PURCHASE THE SECURITIES BUT HAVE AGREED TO USE
REASONABLE EFFORTS TO SOLICIT OFFERS TO PURCHASE THE SECURITIES. THE TOTAL
AGGREGATE PRINCIPAL AMOUNT OF THE SECURITIES BEING OFFERED BY THIS PRICING
SUPPLEMENT WAS NOT PURCHASED BY INVESTORS IN THE OFFERING. ONE OR MORE OF OUR
AFFILIATES HAS AGREED TO PURCHASE THE UNSOLD PORTION, WHICH DOES NOT EXCEED
$975,000, AND TO HOLD SUCH SECURITIES FOR INVESTMENT FOR A PERIOD OF AT LEAST 30
DAYS. SEE "HOLDING OF THE SECURITIES BY OUR AFFILIATES AND FUTURE SALES" UNDER
THE HEADING "RISK FACTORS" AND "PLAN OF DISTRIBUTION."
This Pricing Supplement and the accompanying Prospectus Supplement and
Prospectus may be used by our affiliates in connection with offers and sales of
the Securities in market-making transactions.
PRICE $1,000 PER SECURITY
ABN AMRO FINANCIAL SERVICES, INC.
ABN AMRO INCORPORATED
JANUARY 31, 2003
{PAGE}
The Securities may not be offered, transferred or sold as part of their
initial distribution, or at any time thereafter, to or for the benefit of any
person (including legal entities) established, domiciled, incorporated or
resident in The Netherlands.
The Securities are securities (effecten) within the meaning of article 1 of
The Netherlands' Securities Market Supervision Act 1995 (Wet toezicht
effectenverkeer 1995). The Securities may be offered in certain countries
excluding The Netherlands. Any offer of these Securities, any announcements
thereof and all offer notices, publications, advertisements and other documents
in which an offer of the Securities is made, or a forthcoming offer is
announced, will comply with all applicable laws and regulations of the
jurisdiction in which such an offer is made from time to time. A statement to
the effect that the offering of the Securities will comply with all applicable
rules in the countries in which such offering takes place will be submitted to
the Netherlands Authority for the Financial Markets (Autoriteit Financiele
Markten) pursuant to article 3, paragraph 2 of the Exemption Regulation pursuant
to The Netherlands' Securities Market Supervision Act, before any Securities are
offered.
These restrictions shall cease to apply from the date on which the
Netherlands Authority for the Financial Markets (Autoriteit Financiele Markten)
shall have granted a dispensation on the offering of the Securities pursuant to
this Pricing Supplement and the accompanying Prospectus Supplement and the
Prospectus.
In this Pricing Supplement, the "Bank," "we," "us" and "our" refer to ABN
AMRO Bank N.V.
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