New Issue: ABN Amro prices $3 million 16% reverse exchangeables linked to Freddie Mac

By Angela McDaniels

Tacoma, Wash., March 11 - ABN Amro Bank NV priced $3 million of 16% Knock-in Reverse Exchangeable Securities due March 12, 2009 linked to the common stock of Freddie Mac, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Freddie Mac stock falls by more than 50% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Freddie Mac 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 Securities
Underlying stock:	Freddie Mac (NYSE: FRE)
Amount:	$3 million
Maturity:	March 12, 2009
Coupon:	16%, payable monthly
Price:	Par
Payout at maturity:	If Freddie Mac stock falls below the knock-in price during the life of the notes and the final share price is less than the initial share price, 50.891 Freddie Mac shares; otherwise, par
Initial share price:	$19.65
Knock-in price:	$9.83, 50% of initial share price
Pricing date:	March 7
Settlement date:	March 12
Agent:	ABN Amro Inc.
Fees:	4.25%

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