New Issue: ABN Amro prices $2.9 million 14.55% Knock-In Reverse Exchangeables linked to Apple

By Angela McDaniels

Seattle, April 25 - ABN Amro Bank NV priced $2.9 million of 14.55% Knock-In Reverse Exchangeable notes due Jan. 26, 2007 linked to Apple Computer Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The nine-month notes will pay 10.91% interest, which is equivalent to an annualized interest rate of 14.55%.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term notes, series A
Underlying stock:	Apple Computer Inc.
Amount:	$2.9 million
Maturity:	Jan. 26, 2007
Coupon:	14.55%, payable quarterly
Price:	Par
Payout at maturity:	If Apple stock closes below the knock-in price during the life of the notes and finishes below the initial price, 14.916 shares of Apple stock; otherwise par in cash
Initial stock price:	$67.04
Knock-in price:	$53.63, 80% of initial price
Exchange ratio:	14.916 shares, at maturity
Pricing date:	April 21
Settlement date:	April 26
Agents:	LaSalle Financial Services Inc., ABN Amro Inc.
Distribution:	Off shelf

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