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ABN Amro plans 11.25% Knock-in Reverse Exchangeables linked to Cemex
By Jennifer Chiou
New York, July 25 - ABN Amro Bank NV plans to price 11.25% annualized Knock-in Reverse Exchangeable Securities due Nov. 6, 2007 linked to the American Depositary Shares of Cemex Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless Cemex ADSs fall below the knock-in-price - 85% of the initial price - during the life of the notes and finish below the initial share price, in which case the payout will be a number of Cemex ADSs equal to $1,000 divided by the initial price.
The notes will price on Aug. 1 and settle on Aug. 6.
ABN Amro Inc. is the lead agent.
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