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ABN Amro to price 17.9% knock-in notes linked to MasterCard
By Susanna Moon
Chicago, Jan. 22 - ABN Amro Bank NV plans to price 17.9% Knock-in Reverse Exchangeable Securities due July 31, 2008 linked to the common stock of MasterCard, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless MasterCard 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 MasterCard shares equal to $1,000 divided by the initial share price.
The notes will price on Jan. 28 and settle on Jan. 31.
ABN Amro Inc. is the agent.
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