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ABN Amro plans 15% knock-in notes linked to CSX
By Susanna Moon
Chicago, May 14 - ABN Amro Bank NV plans to price 15% annualized Knock-in Reverse Exchangeable Securities due Nov. 20, 2008 linked to the common stock of CSX Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
If CSX 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 CSX shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
The securities are expected to price on May 15 and settle on May 20.
ABN Amro Inc. is the lead agent.
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