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ABN Amro plans 9% knock-in reverse exchangeable notes linked to Dow 10
By Susanna Moon
Chicago, July 11 - ABN Amro Bank NV plans to price 9% Select Basket Knock-in Securities linked to the components of the Dow Jones 10 Index due July 31, 2008, according to an FWP filing with the Securities and Exchange Commission.
The Dow Jones 10 Index components on July 10 were Altria Group, Inc., AT&T Inc., Citigroup Inc., E.I. du Pont de Nemours and Co., General Electric Co., General Motors Corp., JPMorgan Chase & Co., Merck & Co. Inc., Pfizer Inc., Verizon Communications Inc.
Interest will be payable monthly.
For each component of the index, the payout at maturity will be $100 unless it falls below 85% of its initial price during the life of the notes and finishes below the initial share price, in which case the payout will be $100 multiplied by that stock's performance.
The notes will price July 26 and settle July 31.
LaSalle Financial Services, Inc. is the lead agent.
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