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ABN Amro to price 10% reverse convertibles linked to Norfolk via LaSalle
By Laura Lutz
Des Moines, Oct. 4 - ABN Amro Bank NV plans to price an issue of 10% reverse convertible notes due Oct. 30, 2007 linked to the common stock of Norfolk Southern Corp.
Interest will be paid quarterly.
At maturity, investors will receive par unless Norfolk stock falls below the knock-in price - 80% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Norfolk shares equal to $1,000 divided by the initial share price.
The notes will price on Oct. 25.
LaSalle Structured Products will be the lead agent.
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