New Issue: ABN Amro prices $1.85 million 10.5% reverse convertibles linked to Caterpillar

New York, July 30 - ABN Amro Bank NV priced $1.85 million of 10.5% reverse convertible notes due Oct. 31, 2007 linked to Caterpillar Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Caterpillar stock falls below the protection price, 90% of the initial price of $78.29, during the life of the notes and finishes below the initial price in which case the payout will be 12.773 shares of Caterpillar stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	Caterpillar Inc.
Amount:	$1.85 million
Maturity:	Oct. 31, 2007
Coupon:	10.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Caterpillar stock falls below the protection price, 90% of the initial price, and finishes below the initial price, in which case 12.773 shares of Caterpillar stock.
Initial price:	$78.29
Exchange ratio:	12.773
Pricing date:	July 26
Settlement date:	July 31
Agent:	ABN Amro Inc.
Agent fee:	1.375%

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