Rabo to price 16.1% reverse convertibles linked to AMD via LaSalle

By Angela McDaniels

Seattle, Jan. 2 - Rabo Financial Products BV plans to price an issue of reverse convertible notes due July 18, 2007 linked to Advanced Micro Devices Inc. common stock, according to a term sheet.

The six-month notes will pay 8.05% for an annualized rate of 16.1%. Interest will be payable monthly.

The payout at maturity will be par unless Advanced Micro Devices stock falls below the knock-in price - 75% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Advanced Micro Devices shares equal to $1,000 divided by the initial share price.

The notes will price on Jan. 12 and settle on Jan. 18.

LaSalle Financial Services, Inc. will be the lead agent.

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