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LaSalle to issue 13.4% reverse convertibles linked to AMD for Rabo
By Angela McDaniels
Seattle, Oct. 2 - LaSalle Financial Services Inc. said it will arrange an issue of 13.4% knock-in reverse convertible notes due Oct. 30, 2007 linked to the common stock of Advanced Micro Devices, Inc. for issuer Rabo Financial Products BV.
Interest will be paid quarterly.
The pricing date will be Oct. 25 with settlement on Oct. 30.
The payout at maturity will be determined according to the performance of Advanced Micro Devices stock:
• If the stock trades at or below the knock-in price and closes below the initial price, investors will receive a number of Advanced Micro Devices shares equal to $1,000 divided by the initial share price. The knock-in price will be 65% of the initial share price;
• Otherwise, the payout at maturity will be par in cash.
The notes will be callable quarterly at par.
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