New Issue: ABN Amro sells $5 million 11.25% reverse exchangeables linked to Apple

By Caroline Salls

Pittsburgh, March 16 - ABN Amro Bank NV priced $5 million of one-year 11.25% knock-in reverse exchangeable notes linked to Apple Computer Inc. common stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in reverse exchangeable senior medium-term notes
Underlying stock:	Apple Computer Inc.
Amount:	$5 million
Maturity:	March 16, 2006
Coupon:	11.25%
Price:	Par
Payout at maturity:	Par in cash if Apple stock never trades at knock-in level or below, otherwise smaller of par in cash or 24.832 shares of Apple stock
Knock-in price:	$28.19, 70% of initial price of $40.27
Exchange ratio:	24.832
Exchange price:	$40.27
Call:	Non-callable
Pricing date:	March 11
Settlement date:	March 16
Lead manager:	ABN Amro Financial Services
Distribution:	Off shelf

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