New Issue: ABN Amro prices $1 million 31.15% reverse convertibles linked to Fannie Mae

New York, Dec. 13 - ABN Amro Bank NV priced $1 million of 31.15% Knock-In Reverse Exchangeable notes due June 17, 2008 linked to Fannie Mae stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Fannie Mae stock falls below the protection price of $22.48, 70% of the initial price of $32.12, during the life of the notes and finishes below the initial price in which case the payout will be 31.133 shares of Fannie Mae stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Fannie Mae
Amount:	$1 million
Maturity:	June 17, 2008
Coupon:	31.15%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Fannie Mae stock falls below the protection price of $22.48, 70% of the initial price, and finishes below the initial price, in which case 31.133 shares of Fannie Mae stock.
Initial price:	$32.12
Protection price:	$22.48, 70% of $32.12
Exchange ratio:	31.133
Pricing date:	Dec. 12
Settlement date:	Dec. 17
Agent:	ABN Amro Inc.
Agent fee:	1.25%

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