New Issue: ABN Amro sells $7.75 million 11.5% reverse exchangeables linked to Home Depot

New York, July 22 - ABN Amro Bank NV priced $7.75 million of 11.5% reverse exchangeable securities due 2003 linked to the common stock of Home Depot, Inc., according to a filing with the Securities and Exchange Commission.

The securities, senior notes sold from ABN Amro's medium-term notes program, were priced on Friday via lead manager ABN Amro Financial Services Inc.

Issuer:	ABN Amro Bank NV
Issue:	Reverse exchangeable medium-term notes
Amount:	$7.75 million
Maturity:	July 24, 2003
Coupon:	11.5% payable semi-annually on Jan. 24, 2003 and July 24, 2003
Price:	Par
Pricing date:	July 19
Payout at maturity:	If Home Depot stock closes on determination date (three business days before maturity) at or above $28.70 (its level on the day the securities were priced), par in cash
	Otherwise 34.843 shares per note
Settlement:	July 24, 2002
Listing:	"REX.U" on America Stock Exchange

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