ABN Amro plans 19.5% knock-in notes linked to Indymac Bancorp

By E. Janene Geiss

Philadelphia, July 6 - ABN Amro Bank NV plans to price 19.5% annualized Knock-in Reverse Exchangeable Securities due July 31, 2008 linked to the common stock of Indymac Bancorp, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Indymac stock falls by more than 30% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Indymac shares equal to $1,000 divided by the initial share price.

The notes will price July 26 and settle July 31.

ABN Amro Inc. is the agent.

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