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ABN Amro plans 10.5% knock-in notes linked to Schlumberger
By Laura Lutz
Des Moines, Sept. 5 - ABN Amro Bank NV plans to price 10.5% Knock-in Reverse Exchangeable Securities due Sept. 26, 2008 linked to the common stock of Schlumberger NV, according to an FWP filing with the Securities and Exchange Commission.
The securities will price on Sept. 25 and settle on Sept. 28.
Interest will be payable monthly.
The payout at maturity will be par unless Schlumberger 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, in which case the payout will be a number of Schlumberger shares equal to $1,000 divided by the initial share price.
ABN Amro Inc. is the lead agent.
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