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ABN Amro plans 36.75% reverse exchangeable securities linked to Elan
By Laura Lutz
Des Moines, Aug. 27 - ABN Amro Bank NV plans to price 36.75% reverse exchangeable securities due Dec. 10, 2007 linked to the common stock of Elan Corp., plc, according to an FWP filing with the Securities and Exchange Commission.
The securities will price on Aug. 31 and settle on Sept. 10.
Interest will be payable monthly.
The payout at maturity will be par unless Elan stock falls below the knock-in level - 80% of the initial share price - during the life of the securities and finishes below the initial share price, in which case the payout will be a number of Elan shares equal to $1,000 divided by the initial share price.
ABN Amro Inc. is the lead agent.
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