New Issue: ABN Amro prices $0.35 million 19.5% reverse convertibles linked to Under Armour

New York, Feb. 28 - ABN Amro Bank NV priced $0.35 million of 19.5% Knock-In Reverse Exchangeable notes due Feb. 27, 2009 linked to Under Armour, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Under Armour stock falls below the protection price of $24.74, 60% of the initial price of $41.23, during the life of the notes and finishes below the initial price in which case the payout will be 24.254 shares of Under Armour stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Under Armour, Inc.
Amount:	$0.35 million
Maturity:	Feb. 27, 2009
Coupon:	19.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Under Armour stock falls below the protection price of $24.74, 60% of the initial price, and finishes below the initial price, in which case 24.254 shares of Under Armour stock
Initial price:	$41.23
Protection price:	$24.74, 60% of $41.23
Exchange ratio:	24.254
Pricing date:	Feb. 26
Settlement date:	Feb. 29
Agent:	ABN Amro Inc.
Fees:	2.50%

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