New Issue: ABN Amro prices $12 million 10% reverse exchangeables linked to Wal-Mart

New York, Feb. 1 - ABN Amro Bank NV priced Thursday $12 million of 10% reverse exchangeable securities due 2003 linked to Wal-Mart Stores, Inc. common stock, according to a filing with the Securities and Exchange Commission.

The securities, senior notes sold from ABN Amro's medium-term note program, were brought to market by ABN Amro Financial Services, Inc.

Holders receive a higher than usual coupon in return for participating in any downside in Wal-Mart stock.

Issuer:	ABN Amro Bank NV
Amount:	$12 million
Maturity:	Feb. 5, 2003
Coupon:	10% payable semi-annually beginning Aug. 5, 2002
Price:	Par
Yield:	10%
Payout at maturity:	Par in cash if Wal-Mart stock closes at or above $59.98 on determination date, three days before maturity. $59.98 is Wal-Mart's closing level on the exchangeables' pricing date of Jan. 31
	If Wal-Mart stock closes below $59.98 on determination date, 16.672 shares per $1,000 note
Settlement:	Feb. 5
Listing:	"REX.J" on American Stock Exchange

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