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ABN Amro plans 12% knock-in notes linked to CSX
By Susanna Moon
Chicago, Sept. 9 - ABN Amro Bank NV plans to price 12% Knock-in Reverse Exchangeable Securities S-Notes due Sept. 30, 2009 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 - 70% 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 Sept. 25 and settle on Sept. 30.
ABN Amro Inc. is the lead agent.
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