ABN Amro to issue 9% knock-in reverse exchangeables linked to Home Depot

By Angela McDaniels

Seattle, Nov. 2 - ABN Amro Bank NV plans to price an issue of Knock-In Reverse Exchangeable Securities due May 31, 2007 linked to the common stock of The Home Depot Inc., according to an FWP filing with the Securities and Exchange Commission.

The six-month notes will pay 4.5% for an annualized rate of 9%. Interest will be payable monthly.

The notes will price on Nov. 27 and settle on Nov. 30.

Payout at maturity will be par in cash unless Home Depot stock falls below the knock-in level - 90% of the initial share price - during the life of the notes and finishes below the initial price, in which case the payout will be a number of Home Depot shares equal to $1,000 divided by the initial share price.

ABN Amro will be the agent for the offering.

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