New Issue: ABN Amro prices $800,000 25.5% reverse convertibles linked to Massey Energy

By Laura Lutz

New York, Jan. 31 - ABN Amro Bank NV priced $800,000 of 25.5% annualized Knock-In Reverse Exchangeable notes due April 30, 2008 linked to Massey Energy Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Massey Energy stock falls below the protection price of $29.31, 80% of the initial price of $36.64, during the life of the notes and finishes below the initial price in which case the payout will be 27.293 shares of Massey Energy stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Massey Energy Co.
Amount:	$800,000
Maturity:	April 30, 2008
Coupon:	25.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Massey Energy stock falls below the protection price of $29.31, 80% of the initial price, and finishes below the initial price, in which case 27.293 shares of Massey Energy stock
Initial price:	$36.64
Protection price:	$29.31, 80% of $36.64
Exchange ratio:	27.293
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	ABN Amro Inc.
Fees:	1.375%

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