New Issue: ABN Amro sells $2.6 million 12.9% Knock-in Reverse Exchangeables linked to Coach

By Jennifer Chiou

New York, Nov. 1 - ABN Amro Bank NV priced $2.6 million of 12.9% Knock-in Reverse Exchangeable Securities due Oct. 31, 2008 linked to Coach, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Coach stock. If the stock closes below $25.97, the knock-in price, during the life of the notes and finishes below $37.10, the initial price, investors will receive a number of Coach shares equal to $1,000 divided by the initial stock price. The knock-in price is 70% of the initial price.

Otherwise, investors will receive par in cash.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Coach, Inc.
Amount:	$2.6 million
Maturity:	Oct. 31, 2008
Coupon:	12.9%, payable monthly
Price:	Par
Payout at maturity:	If Coach stock closes below the knock-in price during the life of the notes and finishes below the initial price, 26.954 shares of Coach stock; otherwise, par in cash
Initial price:	$37.10
Knock-in price:	$25.97, 70% of initial price
Pricing date:	Oct. 29
Settlement date:	Nov. 1
Agent:	ABN Amro Inc.
Fees:	2.35%
Distribution:	Off shelf

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