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ABN Amro to offer 13.75% reverse convertibles linked to Wynn shares
By Susanna Moon
Chicago, Jan. 11 - ABN Amro Bank NV plans to price 13.75% annualized Knock-In Reverse Exchangeable Securities due July 30, 2010 based on the performance of Wynn Resorts, Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Wynn shares fall below the protection price - 70% 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 Wynn shares equal to $1,000 divided by the initial share price.
The notes will price on Jan. 26 and settle on Jan. 29.
RBS Securities Inc. is the agent.
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