New Issue: ABN Amro sells $3.5 million IONs linked to S&P 500 index

By Jennifer Chiou

New York, Nov. 20 - ABN Amro Bank NV priced a $3.5 million issue of 0% Index Out-Performance Notes (IONs) due Dec. 24, 2007 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, capped at 116.75%. Investors will be fully exposed to any decline in the index.

Issuer:	ABN Amro Bank NV
Issue:	Index Out-Performance Notes (IONs)
Underlying index:	S&P 500
Amount:	$3.5 million
Maturity:	Dec. 24, 2007
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any gain on the index, capped at 116.75%; full exposure to any loss
Initial index level:	1,399.76
Pricing date:	Nov. 16
Settlement date:	Nov. 24
Agent:	ABN Amro Inc.
Fees:	0.25%
Distribution:	Off shelf

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