New Issue: ABN Amro sells $295,000 11.5% Knock-in Reverse Exchangeables linked to Intel

By Jennifer Chiou

New York, Aug. 29 - ABN Amro Bank NV priced a $295,000 issue of 11.5% Knock-in Reverse Exchangeable Notes due Aug. 30, 2007 linked to the common stock of Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Intel stock. If the stock trades at or below $16.07, the knock-in price, and closes below $18.90, the initial price, investors will receive a number of Intel shares equal to $1,000 divided by the initial stock price. Otherwise, investors will receive par in cash.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable medium-term senior notes, series A
Underlying stock:	Intel Corp.
Amount:	$295,000
Maturity:	Aug. 30, 2007
Coupon:	11.5%, payable monthly
Price:	Par
Payout at maturity:	If Intel stock closes below the knock-in price during the life of the notes and finishes below the initial price, 52.91 shares of Intel stock; otherwise par in cash
Initial stock price:	$18.90
Knock-in price:	$16.07, 85% of initial price
Exchange ratio:	52.91 shares, at maturity
Pricing date:	Aug. 25
Settlement date:	Aug. 30
Agent:	ABN Amro Inc.
Distribution:	Off shelf

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