Rabo to price 20% knock-in reverse convertibles linked to Delta Petroleum via LaSalle

By Laura Lutz

Des Moines, May 8 - Rabo Financial Products BV plans to price 20% knock-in reverse convertible notes due Aug. 23, 2007 linked to Delta Petroleum 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 Delta Petroleum 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 Delta Petroleum shares equal to $1,000 divided by the initial share price.

The notes will price on May 18 and settle on May 23.

LaSalle Financial Services, Inc. is the agent.

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