ABN Amro plans issue of 11.75% Knock-in Triple Reverse Exchangeables linked to stock basket

By Jennifer Chiou

New York, July 14 - ABN Amro Bank NV plans to price an issue of 11.75% Knock-in Triple Reverse Exchangeable notes due Aug. 9, 2007 linked to a stock basket, according to an FWP filing with the Securities and Exchange Commission.

The underlying stocks include General Electric Co., Citigroup Inc. and Hewlett-Packard Co.

Interest will be payable quarterly.

The proposed pricing date is Aug. 4, and the proposed settlement date is Aug. 9.

Payment at maturity will be determined according to the performance of each stock. If any of the stocks trades at or below the knock-in price, 80% of the initial level, and closes below the initial price, investors will receive a number of shares of the worst performing stock equal to $1,000 divided by the initial stock price. Otherwise, investors will receive par in cash.

JPMorgan Chase & Co. will be the agent.

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