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ABN Amro to price 13.75% reverse convertibles linked to Motorola
New York, Jan. 14 - ABN Amro Bank NV plans to price 13.75% Knock-In Reverse Exchangeable notes due July 30, 2010 linked to Motorola, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Motorola shares fall below 75% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of Motorola shares equal to $1,000 divided by the initial price.
The notes are expected to price on Jan. 26 and settle on Jan. 29.
RBS Securities Inc. is the agent.
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