New Issue: ABN Amro prices $900,000 12.75% reverse exchangeables linked to U.S. Steel

By E. Janene Geiss

Philadelphia, June 27 - ABN Amro Bank NV priced $900,000 of 12.75% Knock-in Reverse Exchangeable Securities due Dec. 31, 2008 linked to the common stock of United States Steel Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless U.S. Steel stock falls by more than 35% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of U.S. Steel shares equal to $1,000 divided by the initial share price.

ABN Amro Inc. is the lead agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	United States Steel Corp. (NYSE: X)
Amount:	$900,000
Maturity:	Dec. 31, 2008
Coupon:	12.75%, payable monthly
Price:	Par
Payout at maturity:	If U.S. Steel stock falls below the knock-in level during the life of the notes and the final share price is less than the initial share price, 5.209 U.S. Steel shares; otherwise, par
Initial share price:	$191.96
Knock-in price:	$124.77, or 65% of initial share price
Pricing date:	June 25
Settlement date:	June 30
Agent:	ABN Amro Inc.

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