New Issue: ABN Amro prices $622,000 14.25% reverse convertibles linked to Chesapeake Energy

By Jennifer Chiou

New York, Oct. 29 - ABN Amro Bank NV priced $622,000 of 14.25% Knock-In Reverse Exchangeable notes due April 30, 2010 linked to Chesapeake Energy Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Chesapeake Energy shares fall below the protection price of $18.44, 70% of the initial price of $26.34, during the life of the notes and finish below the initial price in which case the payout will be 37.965 shares of Chesapeake Energy stock.

RBS Securities Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Chesapeake Energy Corp. (Symbol: CHK)
Amount:	$622,000
Maturity:	April 30, 2010
Coupon:	14.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Chesapeake Energy shares fall below the protection price of $18.44, 70% of the initial price, and finish below the initial price, in which case 37.965 shares of Chesapeake Energy stock
Initial price:	$26.34
Protection price:	$18.44, 70% of $26.34
Exchange ratio:	37.965
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	RBS Securities Inc.
Fees:	2.25%

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