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Rabo to issue 12.4% knock-in reverse convertibles linked to Arch Coal via LaSalle
By Jennifer Chiou
New York, Feb. 6 - Rabo Financial Products BV plans to price 12.4% knock-in reverse convertible notes due Feb. 28, 2008 linked to Arch Coal, Inc. stock, according to the agent for the deal, LaSalle Financial Services Inc.
The pricing date will be Feb. 23 with settlement on Feb. 28.
The payout at maturity will be par in cash unless Arch Coal stock trades at or below the knock-in price and closes below the initial price, in which case investors will receive a number of Arch Coal shares equal to $1,000 divided by the initial share price.
The knock-in price will be 75% of the initial share price.
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