New Issue: ABN Amro sells $8.25 million 10.5% reverse exchangeables linked to Citigroup

New York, July 2 - ABN Amro Bank NV sold $8.25 million of 10.5% reverse exchangeable notes linked to the common stock of Citigroup Inc., according to a filing with the Securities and Exchange Commission.

The reverse exchangeables, sold off ABN Amro's medium-term note program, were brought to market via lead manager ABN Amro Financial Services, Inc. and priced on June 28.

Issuer:	ABN Amro Bank NV
Issue:	Reverse exchangeable senior medium-term notes
Amount:	$8.25 million
Maturity:	July 3, 2003
Coupon:	10.5% payable semi-annually on Jan. 3, 2003 and July 3, 2003
Price:	Par
Exchange ratio:	25.806
Payout at maturity:	25.806 shares of Citigroup stock per $1,000 principal amount if Citigroup closes below $38.75 three business days before maturity (Citigroup stock closed at $8.75 on day securities were priced)
	Otherwise par in cash
Settlement:	July 3
Listing:	"REX.T" on American Stock Exchange

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