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ABN Amro plans 15.5% Knock-in Reverse Exchangeables linked to Lehman Brothers
By Susanna Moon
Chicago, Jan. 8 - ABN Amro Bank NV plans to price 15.5% Knock-in Reverse Exchangeable Securities due April 30, 2008 linked to the common stock of Lehman Brothers Holdings Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
If the stock falls below the knock-in level - 75% 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 Lehman Brothers shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
The securities are expected to price on Jan. 25 and settle on Jan. 30.
ABN Amro Inc. is the lead agent.
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