New Issue: ABN Amro sells $400,000 19% Knock-in Reverse Exchangeables linked to JetBlue

By Angela McDaniels

Seattle, Aug. 8 - ABN Amro Bank NV priced a $400,000 issue of 19% Knock-in Reverse Exchangeable Notes due Aug. 9, 2007 linked to the common stock of JetBlue Airways Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of JetBlue stock. If the stock trades at or below $7.69, the knock-in price, and closes below $10.99, the initial price, investors will receive a number of JetBlue 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:	JetBlue Airways Corp.
Amount:	$400,000
Maturity:	Aug. 9, 2007
Coupon:	19%, payable monthly
Price:	Par
Payout at maturity:	If JetBlue stock closes below the knock-in price during the life of the notes and finishes below the initial price, 90.992 shares of JetBlue stock; otherwise par in cash
Initial stock price:	$10.99
Knock-in price:	$7.69, 70% of initial price
Exchange ratio:	90.992 shares, at maturity
Pricing date:	Aug. 4
Settlement date:	Aug. 9
Agents:	ABN Amro Inc.
Distribution:	Off shelf

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