New Issue: ABN Amro prices $300,000 36.5% reverse convertibles linked to First Solar

New York, Jan. 29 - ABN Amro Bank NV priced $300,000 of 36.5% Knock-In Reverse Exchangeable notes due April 30, 2008 linked to First Solar, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless First Solar stock falls below the protection price of $128.46, 75% of the initial price of $171.28, during the life of the notes and finishes below the initial price in which case the payout will be 5.838 shares of First Solar stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	First Solar, Inc.
Amount:	$300,000
Maturity:	April 30, 2008
Coupon:	36.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless First Solar stock falls below the protection price of $128.46, 75% of the initial price, and finishes below the initial price, in which case 5.838 shares of First Solar stock.
Initial price:	$171.28
Protection price:	$128.46, 75% of $171.28
Exchange ratio:	5.838
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Agent:	ABN Amro Inc.
Agent fee:	2%

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