Rabo to price 30.1% reverse convertibles linked to Overstock.com via LaSalle

By Jennifer Chiou

New York, March 26 - Rabo Financial Products BV plans to price reverse convertible notes due July 11, 2007 linked to Overstock.com Inc. common stock, according to a term sheet.

The three-month notes will pay an annualized rate of 30.1%. Interest will be payable monthly.

The payout at maturity will be par unless Overstock.com stock falls below the knock-in price - 80% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Overstock.com shares equal to $1,000 divided by the initial share price.

The notes will price on April 5 and settle on April 11.

LaSalle Financial Services, Inc. will be the lead agent.

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