New Issue: ABN sells $0.85 million 13% Knock-In Reverse Exchangeables linked to Freeport-McMoRan

By Jennifer Chiou

New York, May 23 - ABN Amro Bank NV priced $0.85 million 13% Knock-In Reverse Exchangeable notes due Feb. 26, 2007 linked to Freeport-McMoRan Copper & Gold Inc. class B stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term series A notes
Underlying stock:	Freeport-McMoRan Copper & Gold Inc. class B shares
Amount:	$0.85 million
Maturity:	Feb. 26, 2007
Coupon:	13%, payable quarterly
Price:	Par
Payout at maturity:	If Freeport-McMoRan class B stock closes below the knock-in price during the life of the notes and finishes below the initial price, 18.265 shares of Freeport-McMoRan stock; otherwise par in cash
Initial stock price:	$54.75
Knock-in price:	$38.33, 70% of initial price
Exchange ratio:	18.265 shares, at maturity
Pricing date:	May 19
Settlement date:	May 24
Agents:	LaSalle Financial Services Inc., ABN Amro Inc.
Distribution:	Off shelf

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