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Rabo to price 32.5% knock-in reverse convertibles linked to InterOil via LaSalle
By Jennifer Chiou
New York, April 9 - Rabo Financial Products BV plans to price 32.5% knock-in reverse convertible notes due July 25, 2007 linked to InterOil Corp. common stock, according to a term sheet.
Interest will be payable monthly.
In addition to the coupon, at maturity investors will receive par unless InterOil stock falls below the knock-in price - 80% 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 InterOil 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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