New Issue: ABN Amro sells $1.2 million 11.5% notes linked to Ford

By E. Janene Geiss

Philadelphia, March 29 - ABN Amro Bank NV priced $1.2 million of 11.5% Knock-in Reverse Exchangeable Securities due March 31, 2008 linked to Ford Motor Co. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Ford stock falls below the knock-in price of $5.495 during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Ford shares equal to $1,000 divided by the initial share price.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Ford Motor Co.
Amount:	$1.2 million
Maturity:	March 31, 2008
Coupon:	11.5%, payable monthly
Price:	Par
Payout at maturity:	127.389 shares of Ford stock if Ford shares fall below the knock-in price during the life of the notes and finish below the initial share price; otherwise, par
Initial share price:	$7.85
Knock-in price:	$5.495, 70% of initial price of $7.85
Exchange ratio:	127.389
Pricing date:	March 27
Settlement date:	March 30
Agent:	ABN Amro Inc.
Agent fees:	2.5%

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