Rabo Financial Products plans issue of 10% knock-in reverse convertibles linked to Aetna

By Angela McDaniels

Seattle, Aug. 28 - Rabo Financial Products BV plans to price an issue of 10% knock-in reverse convertible notes due Sept. 13, 2007 linked to Aetna, Inc. stock, according to the agent for the deal, LaSalle Financial Services Inc.

Interest will be paid quarterly.

The pricing date will be Sept. 8 with settlement on Sept. 13.

Payment at maturity will be determined according to the performance of Aetna stock. If the stock trades at or below the knock-in price and closes below the initial price, investors will receive a number of Aetna shares equal to $1,000 divided by the initial stock price. The knock-in price will be 80% of the initial price.

Otherwise, investors will receive par in cash.

The notes are callable quarterly at par.

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