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ABN Amro plans 20.25% Knock-in Reverse Exchangeables linked to SanDisk
By Laura Lutz
Des Moines, Feb. 26 - ABN Amro Bank NV plans to price 20.25% Knock-in Reverse Exchangeable Securities due Sept. 18, 2008 linked to the common stock of SanDisk Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
If SanDisk stock falls below the knock-in level - 70% of the initial price - during the life of the securities and finishes below the initial price, the payout at maturity will be a number of SanDisk shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
The securities are expected to price on March 13 and settle on March 18.
ABN Amro Inc. is the lead agent.
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