Rabo to price 21.7% knock-in reverse convertibles linked to SiRF via LaSalle

By Jennifer Chiou

New York, June 11 - Rabo Financial Products BV plans to price 21.7% annualized knock-in reverse convertible notes due Sept. 27, 2007 linked to SiRF Technology Holdings, Inc. common stock, according to a term sheet.

Interest will be payable monthly.

In addition to the coupon, at maturity investors will receive par unless SiRF Technology 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 SiRF Technology shares equal to $1,000 divided by the initial share price.

The notes will price on June 22 and settle on June 27.

LaSalle Financial Services, Inc. is the agent.

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