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ABN Amro plans issue of 10% reverse exchangeables linked to Texas Instruments
By Jennifer Chiou
New York, Jan. 11 - ABN Amro Bank NV said it plans to issue 10% reverse exchangeable senior medium-term series A notes due Jan. 30, 2007 linked to Texas Instruments Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The proposed settlement date is Jan. 30.
Investors will receive par in cash if Texas Instruments stock closes above the initial price on the determination date. If Texas Instruments stock closes below the initial price on the determination date, investors will receive a number of Texas Instruments shares equal to the stock redemption amount.
LaSalle Financial Services, Inc. and ABN Amro Inc. will be the underwriters.
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