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ABN Amro to price 10.15% knock-in notes linked to ConocoPhillips
By Angela McDaniels
Tacoma, Wash., Jan. 9 - ABN Amro Bank NV plans to price Knock-in Reverse Exchangeable Securities due July 17, 2008 linked to the common stock of ConocoPhillips, according to an FWP filing with the Securities and Exchange Commission.
The six-month notes will pay 5.075% for an annualized rate of 10.15%. Interest will be payable monthly.
The payout at maturity will be par unless ConocoPhillips 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 ConocoPhillips shares equal to $1,000 divided by the initial share price.
The notes will price on Jan. 10 and settle on Jan. 17.
ABN Amro Inc. will be the agent.
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