New Issue: ABN Amro prices $200,000 13.25% reverse exchangeables linked to Colgate-Palmolive

By Angela McDaniels

Tacoma, Wash., Dec. 15 - ABN Amro Bank NV priced $200,000 of Knock-in Reverse Exchangeable Securities due March 17, 2009 linked to the common stock of Colgate-Palmolive Co., according to a 424B2 filing with the Securities and Exchange Commission.

The three-month notes will pay 3.3125% for an annualized coupon of 13.25%. Interest is payable monthly.

The payout at maturity will be par unless Colgate-Palmolive stock falls by more than 25% during the life of the notes and the final share price is less than the initial price, in which case the payout will be a number of Colgate-Palmolive shares equal to $1,000 divided by the initial price.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Colgate-Palmolive Co. (NYSE: CL)
Amount:	$200,000
Maturity:	March 17, 2009
Coupon:	13.25%, payable monthly
Price:	Par
Payout at maturity:	If Colgate-Palmolive shares fall below knock-in price during life of notes and finish below initial price, 16.886 Colgate-Palmolive shares; otherwise, par
Initial share price:	$59.22
Knock-in price:	$44.42, 75% of initial price
Pricing date:	Dec. 12
Settlement date:	Dec. 17
Agent:	ABN Amro Inc.
Fees:	1.375%

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