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Rabobank to price 0% CDs linked to index basket via LaSalle
By Angela McDaniels
Seattle, Feb. 13 - Rabobank NA plans to price an offering of zero-coupon 110% principal-protected certificates of deposit due Aug. 28, 2012 linked to a basket of indexes via LaSalle Financial Services Inc., according to a LaSalle term sheet.
The basket will include equal weights of the Dow Jones Euro Stoxx 50, MSCI Taiwan, Nikkei 225 and S&P 500 indexes.
The CDs are expected to price on Feb. 26 and settle on Feb. 28.
The payout at maturity will be par plus the greater of 10% and the return on the basket.
The notes are putable quarterly beginning May 28, 2007.
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