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ABN Amro to price 14% reverse convertibles linked to Schlumberger
New York, Sept. 10 - ABN Amro Bank NV plans to price 14% Knock-In Reverse Exchangeable notes due March 31, 2010 linked to Schlumberger N.V. (Schlumberger Ltd.) shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Schlumberger shares fall below 75% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of Schlumberger shares equal to $1,000 divided by the initial price.
The notes are expected to price on Sept. 25 and settle on Sept. 30.
ABN Amro Inc. is the agent.
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