Rabobank to price 19.4% knock-in reverse convertibles linked to Jefferies

By Susanna Moon

Chicago, July 26 - Rabobank said it plans to price an issue of 19.4% knock-in reverse convertible notes due Nov. 8, 2007 linked to Jefferies Group, Inc. common stock.

Interest is payable monthly.

The payout at maturity will be par unless the stock falls below its knock-in-price - 85% of the initial price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Jefferies shares equal to stock redemption price.

The notes will price on Aug. 3 and settle on Aug. 8.

LaSalle Financial Services, Inc. is the agent for the offering.

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