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Rabo to issue 11.1% Knock-in Reverse Convertibles linked to Peabody Energy via LaSalle
By Jennifer Chiou
New York, March 5 - Rabo Financial Products BV plans to price 11.1% Knock-in Reverse Convertible notes due March 28, 2008 linked to Peabody Energy Corp. stock, according to the agent for the deal, LaSalle Financial Services Inc.
The pricing date will be March 23 with settlement on March 28.
The payout at maturity will be par in cash unless Peabody Energy stock trades at or below the knock-in price and closes below the initial price, in which case investors will receive a number of Peabody Energy shares equal to $1,000 divided by the initial share price.
The knock-in price will be 80% of the initial share price.
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