Rabo Financial plans issue of 9% knock-in reverse convertibles linked to Home Depot

By Jennifer Chiou

New York, Aug. 21 - Rabo Financial Products BV plans to price an issue of 9% knock-in reverse convertible notes due Sept. 7, 2006 linked to The Home Depot, Inc. stock, according to a term sheet.

Interest will be payable quarterly.

The notes will be priced on Sept. 1 and will settle on Sept. 7.

Payment at maturity will be determined according to the performance of Home Depot stock. If the stock trades at or below the knock-in price and closes below the initial price, investors will receive a number of Home Depot shares equal to $1,000 divided by the initial stock price. The knock-in price will be 85% of the initial price. Otherwise, investors will receive par in cash.

The notes will be rated Aaa/AAA.

LaSalle Financial Services Inc. will be the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.