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ABN Amro plans 11% Knock-in Reverse Exchangeables linked to East West Bancorp
By Laura Lutz
Des Moines, Jan. 31 - ABN Amro Bank NV plans to price 11% annualized Knock-in Reverse Exchangeable Securities due Aug. 7, 2008 linked to the common stock of East West Bancorp, Inc., according to an FWP with the Securities and Exchange Commission.
Interest will be payable monthly.
If East West stock falls below the knock-in level - 75% of the initial price - during the life of the securities and finishes below the initial price, the payout at maturity will be a number of East West shares equal to par divided by the initial price.
Otherwise, the payout will be par.
The securities are expected to price on Feb. 4 and settle on Feb. 7.
ABN Amro Inc. is the lead agent.
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