New Issue: ABN Amro prices $1.225 million 13.1% reverse convertibles linked to Apple

New York, July 30 - ABN Amro Bank NV priced $1.225 million of 13.1% reverse convertible notes due Jan. 31, 2008 linked to Apple Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Apple stock falls below the protection price, 80% of the initial price of $146.00, during the life of the notes and finishes below the initial price in which case the payout will be 6.849 shares of Apple stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	Apple Inc.
Amount:	$1.225 million
Maturity:	Jan. 31, 2008
Coupon:	13.1%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Apple stock falls below the protection price, 80% of the initial price, and finishes below the initial price, in which case 6.849 shares of Apple stock.
Initial price:	$146.00
Exchange ratio:	6.849
Pricing date:	July 26
Settlement date:	July 31
Agent:	ABN Amro Inc.
Agent fee:	1.75%

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