New Issue: ABN Amro sells $1.45 million 13% knock-in reverse notes linked to Fortress Investment

By Laura Lutz

Des Moines, June 28 - ABN Amro Bank NV priced $1.45 million of 13% Knock-in Reverse Exchangeable Securities due June 30, 2008 linked to Fortress Investment Group LLC stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Fortress Investment stock. If the stock trades at or below $15.61, the knock-in price, and closes below $22.30, the initial price, during the life of the notes, investors will receive a number of Fortress Investment shares equal to $1,000 divided by the initial stock price. The knock-in price is 70% of the initial price.

Otherwise, investors will receive par in cash.

ABN Amro Inc. is the underwriter.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Fortress Investment Group LLC
Amount:	$1.45 million
Maturity:	June 30, 2008
Coupon:	13%, payable monthly
Price:	Par
Payout at maturity:	If Fortress Investment stock closes below the knock-in price during the life of the notes and finishes below the initial price, 44.843 shares of Fortress Investment stock; otherwise, par in cash
Initial price:	$22.30
Knock-in price:	$15.61, 70% of initial price
Exchange ratio:	44.843 shares, at maturity
Pricing date:	June 26
Settlement date:	June 29
Agent:	ABN Amro Inc.
Fees:	2.5%
Distribution:	Off shelf

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