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ABN Amro to sell 22% reverse exchangeables linked to Netflix
By Jennifer Chiou
New York, Feb. 5 - ABN Amro Bank NV plans to price 22% annualized Knock-in Reverse Exchangeable Securities due May 18, 2009 linked to the common stock of Netflix, Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
Payout at maturity will be par unless the stock falls by more than 30% during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Netflix shares equal to $1,000 divided by the initial share price.
The notes are expected to price Feb. 12 and settle Feb. 18.
ABN Amro Inc. is the agent.
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