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ABN Amro to price 14.25% reverse convertibles linked to ConocoPhillips
New York, July 10 - ABN Amro Bank NV plans to price 14.25% Knock-In Reverse Exchangeable notes due Oct. 30, 2009 linked to ConocoPhillips shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless ConocoPhillips 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 ConocoPhillips shares equal to $1,000 divided by the initial price.
The notes are expected to price on July 28 and settle on July 31.
ABN Amro Inc. is the agent.
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