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ABN Amro to price 13% reverse exchangeables linked to CSX stock
By Susanna Moon
Chicago, June 12 - ABN Amro Bank NV plans to price 13% annualized Knock-in Reverse Exchangeable Securities 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.
The payout at maturity will be par unless CSX stock falls by more than 30% during the life of the notes and finishes below the initial share price, in which case investors will receive a number of CSX shares equal to $1,000 divided by the initial share price.
The notes are expected to price June 25 and settle June 30.
ABN Amro Inc. is the agent.
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