New Issue: ABN Amro prices $700,000 12.8% reverse convertibles linked to AIG

New York, Jan. 29 - ABN Amro Bank NV priced $700,000 of 12.8% Knock-In Reverse Exchangeable notes due July 30, 2008 linked to American International Group, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless AIG stock falls below the protection price of $42.58, 80% of the initial price of $53.22, during the life of the notes and finishes below the initial price in which case the payout will be 18.79 shares of AIG stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	American International Group, Inc.
Amount:	$700,000
Maturity:	July 30, 2008
Coupon:	12.8%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless AIG stock falls below the protection price of $42.58, 80% of the initial price, and finishes below the initial price, in which case 18.79 shares of AIG stock.
Initial price:	$53.22
Protection price:	$42.58, 80% of $53.22
Exchange ratio:	18.79
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Agent:	ABN Amro Inc.
Agent fee:	2.5%

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