New Issue: ABN Amro prices $2.35 million 20% notes linked to worst-performing Dow Industrials stock

By Jennifer Chiou

New York, March 19 - ABN Amro Bank NV priced $2.35 million of 20% Knock-In Reverse Exchangeable Securities due March 20, 2008 linked to the worst-performing common stock in the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless any of the stocks making up the Dow Jones Industrial Average falls below its knock-in level - 70% of its initial share price - during the life of the securities and any stock finishes below its initial share price, in which case the payout will be a number of shares of the worst-performing stock equal to $1,000 divided by that stock's initial share price.

ABN Amro is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable Securities
Underlying security:	Worst-performing common stock in the Dow Jones Industrial Average
Amount:	$2.35 million
Maturity:	March 20, 2008
Coupon:	20%, payable monthly
Price:	Par
Payout at maturity:	Par unless any of the stocks making up the Dow Jones Industrial Average falls below its knock-in level - 70% of its initial share price - and any stock finishes below its initial share price, in which case the payout will be a number of shares of the worst-performing stock equal to $1,000 divided by that stock's initial share price
Pricing date:	March 15
Settlement date:	March 20
Agent:	ABN Amro Inc.
Agent fees:	3.5%

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