ABN Amro lowers coupon for reverse convertibles linked to Deere

By Angela McDaniels

Tacoma, Wash., Dec. 7 - ABN Amro Bank NV changed the coupon for its upcoming Knock-In Reverse Exchangeable Securities due June 30, 2010 linked to the common stock of Deere & Co. to 13.85% per year from 14.35%, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par in cash unless Deere shares fall below 80% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of Deere shares equal to $1,000 divided by the initial price.

The notes are expected to price on Dec. 23 and settle on Dec. 31.

RBS Securities Inc. is the agent.

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