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ABN Amro to price 15% reverse exchangeables linked to Wells Fargo
By Susanna Moon
Chicago, Sept. 8 - ABN Amro Bank NV plans to price 15% Knock-in Reverse Exchangeable Securities due Sept. 30, 2009 linked to the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
Payout at maturity will be par unless Wells Fargo stock falls below the knock-in level - 65% of the initial share price - during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of Wells Fargo shares equal to $1,000 divided by the initial share price.
The notes will price on Sept. 25 and settle on Sept 30.
ABN Amro Inc. will be the agent.
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