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ABN Amro to price 24.25% reverse convertibles linked to Hartford Financial
New York, Dec. 1 - ABN Amro Bank NV plans to price 24.25% Knock-In Reverse Exchangeable notes due March 31, 2010 linked to Hartford Financial Services Group, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Hartford Financial 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 Hartford Financial 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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