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ABN Amro plans 18% Knock-in Reverse Exchangeables linked to Dillard's
By Laura Lutz
Des Moines, April 7 - ABN Amro Bank NV plans to price 18% Knock-in Reverse Exchangeable Securities due Oct. 31, 2008 linked to the common stock of Dillard's, Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
If Dillard's stock falls below the knock-in level - 65% 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 Dillard's shares equal to par divided by the initial price.
Otherwise, the payout will be par.
The securities are expected to price on April 25 and settle on April 30.
ABN Amro Inc. is the lead agent.
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