New Issue: ABN Amro prices $300,000 18.25% reverse convertibles linked to Frontline

New York, Jan. 31 - ABN Amro Bank NV priced $300,000 of 18.25% annualized Knock-In Reverse Exchangeable Securities due July 31, 2008 linked to Frontline Ltd. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Payout at maturity will be par in cash unless Frontline stock falls below the protection price of $29.05, 70% of the initial price of $41.50, during the life of the notes and finishes below the initial price, in which case the payout will be 24.096 shares of Frontline stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable Securities
Underlying stock:	Frontline Ltd. (Symbol: FRO)
Amount:	$300,000
Maturity:	July 31, 2008
Coupon:	18.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Frontline stock falls below the protection price of $29.05, 70% of the initial price, and finishes below the initial price, in which case 24.096 shares of Frontline stock
Initial price:	$41.50
Protection price:	$29.05, 70% of $41.50
Exchange ratio:	24.096
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	ABN Amro Inc.
Fees:	1.75%

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