New Issue: ABN Amro sells $13 mln rev. exchangeables linked to Home Depot

New York, Oct. 29 - ABN Amro Bank NV priced Friday $13 million of medium-term notes structured as reverse exchangeable securities linked to Home Depot, Inc. common stock, according to a filing with the Securities and Exchange Commission.

The 11.5% notes, sold via lead manager ABN Amro Inc., have a 21/2-year maturity. If Home Depot's share price is below a certain level, holders will receive the company's stock at maturity.

The American Stock Exchange will list the notes under the symbol REX.G.

ABN Amro noted in the SEC filing that the full principal amount was not sold at the pricing; one or more of its affiliates agreed to buy the unsold portion - which, ABN Amro said, is no more than $2 million - and will hold those securities for at least 30 days.

Issuer: ABN Amro Bank NV

Amount: $13 million

Maturity: April 30, 2003

Coupon: 11.5%, payable semi-annually beginning April 30, 2002

Price: Par

Payout: If Home Depot stock is at or above the initial price of $40.29 at maturity,

holders will receive par in cash. (Home Depot stock closed at $40.29 at pricing)

If Home Depot stock is below the initial price at maturity, holders receive

24.820 shares per $1,000 note. Fractional amounts paid in cash.

Payout determined three business days before maturity.

Settlement: Oct. 31

End

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