New Issue: ABN Amro sells $675,000 9% reverse exchangeables linked to Home Depot

By Laura Lutz

Washington, Nov. 29 - ABN Amro Bank NV priced $675,000 of 9% reverse convertible notes due May 31, 2007 linked to The Home Depot, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Home Depot stock. If the stock trades at or below $33.831, the knock-in price, and closes below $37.59, the initial price, between Nov. 27, 2006 and May 28, 2007, investors will receive a number of Home Depot shares equal to $1,000 divided by the initial stock price. The knock-in price is 90% of the initial price. Otherwise, investors will receive par in cash.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	The Home Depot, Inc.
Amount:	$675,000
Maturity:	May 31, 2007
Coupon:	9%, payable monthly
Price:	Par
Payout at maturity:	If Home Depot stock closes below the knock-in price during the life of the notes and finishes below the initial price, 26.603 shares of Home Depot stock; otherwise par in cash
Initial price:	$37.59
Knock-in price:	$33.831, 90% of initial price
Exchange ratio:	26.603
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agent:	ABN Amro Inc.
Agent fee:	1.75%
Distribution:	Off shelf

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