Rabo to price 11.75% knock-in reverse convertibles linked to XM Satellite Radio via LaSalle

By Jennifer Chiou

New York, April 3 - Rabo Financial Products BV plans to price 11.75% knock-in reverse convertible notes due April 25, 2008 linked to XM Satellite Radio Holdings Inc. common stock.

Interest will be payable monthly.

In addition to the coupon, at maturity investors will receive par unless XM Satellite Radio stock falls below the knock-in price - 65% 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 XM Satellite Radio shares equal to $1,000 divided by the initial share price.

The notes will price on April 20 and settle on April 25.

LaSalle Financial Services, Inc. is the agent.

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