ABN Amro to price 19% reverse exchangeables linked to First Solar

By Angela McDaniels

Tacoma, Wash., Oct. 9 - ABN Amro Bank NV plans to price Knock-in Reverse Exchangeable Securities due April 30, 2010 linked to the common stock of First Solar, Inc., according to an FWP filing with the Securities and Exchange Commission.

The six-month notes will pay 9.5% for an annualized coupon of 19%. Interest will be payable monthly.

The payout at maturity will be par unless First Solar stock falls by more than 25% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of First Solar shares equal to $1,000 divided by the initial share price.

The notes are expected to price Oct. 27 and settle Oct. 30.

RBS Securities Inc. is the agent.

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