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ABN Amro plans 13.5% knock-in notes linked to Weyerhaeuser
By Susanna Moon
Chicago, July 9 - ABN Amro Bank NV plans to price 13.5% annualized Knock-in Reverse Exchangeable Securities S-Notes due Jan. 30, 2009 linked to the common stock of Weyerhaeuser Co., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
If Weyerhaeuser 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, the payout at maturity will be a number of Weyerhaeuser shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
The securities are expected to price on July 28 and settle on July 31.
ABN Amro Inc. is the lead agent.
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