New Issue: ABN Amro prices $400,000 14% reverse convertibles linked to Ford

By Susanna Moon

Chicago, June 27 - ABN Amro Bank NV priced $400,000 of 14% Knock-In Reverse Exchangeable notes due June 30, 2009 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Ford shares fall below the protection price - 55% of the initial price - during the life of the notes and finishes below the initial price, in which case the payout will be a number of Ford shares equal to $1,000 divided by the initial share price.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Ford Motor Co. (Symbol: F)
Amount:	$400,000
Maturity:	June 30, 2009
Coupon:	14%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Ford stock falls below the protection price and finishes below the initial price, in which case 190.84 Ford shares
Initial share price:	$5.24
Protection price:	$2.88, or 55% of initial price
Pricing date:	June 25
Settlement date:	June 30
Agent:	ABN Amro Inc.
Fees:	2.5%

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