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ABN Amro to issue 15% knock-in reverse exchangeables linked to SanDisk
By Angela McDaniels
Seattle, Nov. 2 - ABN Amro Bank NV plans to price an issue of 15% Knock-In Reverse Exchangeable Securities due Nov. 30, 2007 linked to the common stock of SanDisk Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will price on Nov. 27 and settle on Nov. 30.
Payout at maturity will be par in cash unless SanDisk stock falls below the knock-in level - 70% of the initial share price - during the life of the notes and finishes below the initial price, in which case the payout will be a number of SanDisk shares equal to $1,000 divided by the initial share price.
ABN Amro will be the agent for the offering.
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