New Issue: ABN Amro prices $0.8 million 10% reverse convertibles linked to EMC

New York, Oct. 31 - ABN Amro Bank NV priced $0.8 million of 10% Knock-In Reverse Exchangeable notes due April 30, 2008 linked to EMC Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless EMC stock falls below the protection price, 80% of the initial price of $24.53, during the life of the notes and finishes below the initial price in which case the payout will be 40.766 shares of EMC stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	EMC Corp.
Amount:	$0.8 million
Maturity:	April 30, 2008
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless EMC stock falls below the protection price, 80% of the initial price, and finishes below the initial price, in which case 40.766 shares of EMC stock.
Initial price:	$24.53
Exchange ratio:	40.766
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	ABN Amro Inc.
Agent fee:	1.75%

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