ABN Amro to issue 9% reverse exchangeables linked to Caterpillar

By Laura Lutz

Des Moines, Nov. 1 - ABN Amro Bank NV plans to price an issue of 9% knock-in reverse exchangeable securities due Nov. 26, 2007 linked to the common stock of Caterpillar Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The notes will price on Nov. 20 and settle on Nov. 24.

Payout at maturity will be par in cash unless Caterpillar stock hits the knock-in level - 85% of the initial share price - during the life of the notes and finishes below the initial price, in which case the payout will be a number of Caterpillar shares equal to $1,000 divided by the initial price.

ABN Amro Inc. will be the agent.

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