New Issue: ABN Amro prices $1 million 25% reverse convertibles linked to Indymac Bancorp

New York, July 13 - ABN Amro Bank NV priced $1 million of 25% reverse convertible notes due Oct. 16, 2007 linked to Indymac Bancorp, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Indymac stock falls below the protection price of $20.07, 70% of the initial price of $28.67, during the life of the notes and finishes below the initial price in which case the payout will be 34.880 shares of Indymac stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	Indymac Bancorp, Inc.
Amount:	$1 million
Maturity:	Oct. 16, 2007
Coupon:	25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Indymac stock falls below the protection price of $20.07, 70% of the initial price, and finishes below the initial price, in which case 34.880 shares of Indymac stock
Initial price:	$28.67
Protection price:	$20.07, 70% of $28.67
Exchange ratio:	34.880
Pricing date:	July 11
Settlement date:	July 16
Agent:	ABN AMRO Inc.
Agent fee:	1.5%

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