New Issue: ABN Amro sells $1.55 million 10% notes linked to Lehman Brothers

By Angela McDaniels

Seattle, Aug. 8 - ABN Amro Bank NV priced a $1.55 million issue of 10% Knock-in Reverse Exchangeable notes due Aug. 9, 2007 linked to Lehman Brothers Holdings Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Lehman stock. If the stock trades at or below $54.04, the knock-in price, and closes below $67.55, the initial price, investors will receive a number of Lehman 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:	Lehman Brothers Holdings Inc.
Amount:	$1.55 million
Maturity:	Aug. 9, 2007
Coupon:	10%, payable quarterly
Price:	Par
Payout at maturity:	If Lehman stock closes below the knock-in price during the life of the notes and finishes below the initial price, 14.804 shares of Lehman stock; otherwise par in cash
Initial stock price:	$67.55
Knock-in price:	$54.04, 80% of initial price
Exchange ratio:	14.804 shares, at maturity
Pricing date:	Aug. 4
Settlement date:	Aug. 9
Agents:	LaSalle Financial Services Inc., ABN Amro Inc.
Distribution:	Off shelf

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