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ABN Amro plans 10% knock-in notes linked to Home Depot
By Angela McDaniels
Seattle, Jan. 4 - ABN Amro Bank NV plans to price knock-in reverse exchangeable securities due July 31, 2007 linked to the common stock of Home Depot, Inc., according to an FWP filing with the Securities and Exchange Commission.
The securities will price on Jan. 26 and settle on Jan. 31.
The six-month securities will pay 5% for an annualized rate of 10%. Interest will be payable monthly.
The payout at maturity will be par unless Home Depot stock falls below the knock-in level - 90% 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 Home Depot shares equal to $1,000 divided by the initial share price.
ABN Amro Inc. will be the agent.
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