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ABN Amro plans 9% knock-in securities linked to Sony
By Jennifer Chiou
New York, Dec. 4 - ABN Amro Bank NV plans to price an issue of 9% Knock-In Reverse Exchangeable Securities due Dec. 31, 2007 linked to Sony Corp. stock, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will price on Dec. 26 and settle on Dec. 29.
Payout at maturity will be par in cash unless Sony stock falls below the knock-in level - 85% 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 Sony shares equal to $1,000 divided by the initial share price.
ABN Amro will be the agent for the offering.
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