ABN Amro to price 11.25% knock-in notes linked to Research in Motion

By E. Janene Geiss

Philadelphia, March 2 - ABN Amro Bank NV plans to price an offering of 11.25% Knock-in Reverse Exchangeable Securities due March 31, 2008 linked to the common stock of Research in Motion Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

The securities are expected to price on March 27 and settle on March 30.

Interest will be payable monthly.

The payout at maturity will be par unless Research in Motion stock falls below the knock-in level - 70% of the initial share price - during the life of the securities and finishes below the initial share price, in which case the payout will be a number of Research in Motion shares equal to $1,000 divided by the initial share price.

ABN Amro Inc. will be the lead agent for the offering.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.