New Issue: ABN Amro prices $3.5 million 16.2% reverse convertibles linked to EMC

New York, July 11 - ABN Amro Bank NV priced $3.5 million of 16.2% Knock-In Reverse Exchangeable notes due July 15, 2009 linked to EMC Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless EMC shares fall below the protection price of $10.04, 75% of the initial price of $13.38, during the life of the notes and finish below the initial price in which case the payout will be 74.738 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:	$3.5 million
Maturity:	July 15, 2009
Coupon:	16.2%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless EMC shares fall below the protection price of $10.04, 75% of the initial price, and finish below the initial price, in which case 74.738 shares of EMC stock
Initial price:	$13.38
Protection price:	$10.04, 75% of $13.38
Exchange ratio:	74.738
Pricing date:	July 10
Settlement date:	July 15
Agent:	ABN Amro Inc.
Fees:	1%

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