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ABN Amro plans 26% Knock-in Reverse Exchangeables linked to Southern Copper
By Laura Lutz
Des Moines, Dec. 10 - ABN Amro Bank NV plans to price 26% Knock-in Reverse Exchangeable Securities due June 30, 2008 linked to the common stock of Southern Copper Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
If Southern Copper 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, the payout at maturity will be a number of Southern Copper shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
The securities are expected to price on Dec. 21 and settle on Dec. 31.
ABN Amro Inc. is the lead agent.
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