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Rabo to issue 14.55% knock-in reverse convertibles linked to NYSE Group via LaSalle
By Jennifer Chiou
New York, Feb. 6 - Rabo Financial Products BV plans to price 14.55% knock-in reverse convertible notes due Feb. 28, 2008 linked to NYSE Group 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 NYSE Group stock trades at or below the knock-in price and closes below the initial price, in which case investors will receive a number of NYSE Group shares equal to $1,000 divided by the initial share price.
The knock-in price will be 70% of the initial share price.
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