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ABN Amro plans 15.6% Knock-in Reverse Exchangeables linked to BlackRock
By Laura Lutz
Des Moines, Nov. 16 - ABN Amro Bank NV plans to price 15.6% annualized Knock-in Reverse Exchangeable Securities due Feb. 29, 2008 linked to the common stock of BlackRock, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
If Nasdaq stock falls below the knock-in level - 85% 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 Nasdaq shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
The securities are expected to price on Nov. 27 and settle on Nov. 30.
ABN Amro Inc. is the lead agent.
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