New Issue: ABN sells $1.325 million 12.1% knock-in notes linked to Ford

By Jennifer Chiou

New York, April 25 - ABN Amro Bank NV priced $1.325 million of 12.1% annualized Knock-in Reverse Exchangeable Securities due April 25, 2008 linked to Ford Motor Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Ford stock. If the stock falls below $5.425, the knock-in price, during the life of the notes and finishes below $7.75, the initial price, investors will receive a number of Ford shares equal to $1,000 divided by the initial price. The knock-in price is 70% of the initial price.

Otherwise, investors will receive par in cash.

ABM Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Ford Motor Co.
Amount:	$1.325 million
Maturity:	April 25, 2008
Coupon:	12.1% annualized, payable monthly
Price:	Par
Payout at maturity:	If Ford stock closes below the knock-in price during the life of the notes and finishes below the initial price, 129.032 shares of Ford stock; otherwise, par in cash
Initial price:	$7.75
Knock-in price:	$5.425, 70% of initial price
Exchange ratio:	129.032 shares, at maturity
Pricing date:	April 20
Settlement date:	April 25
Agent:	ABN Amro Inc.
Fees:	2.75%

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