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ABN Amro revises terms, now 21.5% knock-in notes linked to Evergreen Energy via LaSalle
By Laura Lutz
Des Moines, March 16 - ABN Amro Bank NV revised terms on its planned Knock-in Reverse Exchangeable Securities due March 28, 2008 linked to the common stock of Evergreen Energy Inc., according to a 424B2 filing with the Securities and Exchange Commission. The coupon is now 21.5%.
The securities will price on March 23 and settle on March 28.
Interest will be payable monthly.
The payout at maturity will be par unless Evergreen Energy stock falls below the knock-in level - 75% of the initial share price - during the life of the securities and finishes below the initial share price, in which case the payout will be a number of Evergreen Energy shares equal to $1,000 divided by the initial share price.
LaSalle Financial Services, Inc. will be the lead agent.
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