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ABN Amro plans 34.5% knock-in notes linked to Continental Airlines
By Angela McDaniels
Tacoma, Wash., Dec. 5 - ABN Amro Bank NV plans to price 34.5% annualized Knock-in Reverse Exchangeable Securities due March 31, 2008 linked to the common stock of Continental Airlines, Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless Continental Airlines stock falls by more than 25% 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 Continental Airlines shares equal to $1,000 divided by the initial share price.
The notes are expected to price on Dec. 21 and settle on Dec. 31.
ABN Amro Inc. is the lead agent.
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