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ABN Amro plans 25.5% Knock-in Reverse Exchangeables linked to Massey Energy
By Laura Lutz
Des Moines, Jan. 9 - ABN Amro Bank NV plans to price 25.5% Knock-in Reverse Exchangeable Securities due April 30, 2008 linked to the common stock of Massey Energy Co., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
If Massey Energy stock falls below the knock-in level - 80% of the initial share price - during the life of the securities and finishes below the initial share price, the payout at maturity will be a number of Massey Energy shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
The securities are expected to price on Jan. 28 and settle on Jan. 31.
ABN Amro Inc. is the lead agent.
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