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ABN Amro to price 12.25% reverse convertibles linked to Deere
New York, Oct. 14 - ABN Amro Bank NV plans to price 12.25% Knock-In Reverse Exchangeable notes due Jan. 29, 2010 linked to Deere & Co. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Deere shares fall below 80% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of Deere shares equal to $1,000 divided by the initial price.
The notes are expected to price on Oct. 27 and settle on Oct. 30.
RBS Securities Inc. is the agent.
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