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ABN Amro to price 13% knock-in notes linked to eBay
By Angela McDaniels
Seattle, March 9 - ABN Amro Bank NV plans to price an offering of Knock-in Reverse Exchangeable Securities due Sept. 28, 2007 linked to the common stock of eBay Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The six-month notes will pay 6.5% for an annualized rate of 13%. Interest will be payable monthly.
The payout at maturity will be par unless eBay stock falls by more than 20% during the life of the securities and finishes below the initial share price, in which case the payout will be a number of eBay shares equal to $1,000 divided by the initial share price.
The securities are expected to price on March 27 and settle on March 30.
ABN Amro Inc. will be the agent and will receive a 2.25% commission.
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