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ABN Amro to offer 10.15% reverse exchangeables linked to Hartford
By Susanna Moon
Chicago, Jan. 11 - ABN Amro Bank NV plans to price 10.15% annualized Knock-In Reverse Exchangeable notes due April 30, 2010 based on the performance of Hartford Financial Group, Inc. shares, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Hartford shares fall below the protection price - 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 Hartford shares equal $1,000 divided by the initial share price.
The notes will price on Jan. 26 and settle on Jan. 29.
RBS Securities Inc. is the agent.
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