New Issue: ABN Amro prices $2.8 million 8.75% reverse exchangeables linked to SPDR Trust

By Susanna Moon

Chicago, Oct. 1 - ABN Amro Bank NV priced $2.8 million of 8.75% annualized Knock-in Reverse Exchangeable Securities due Jan. 5, 2009 linked to shares of the SPDR Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Payout at maturity will be par unless the shares fall below the knock-in level - 75% of the initial share price - during the life of the notes and finish below the initial share price, in which case the payout will be a number of shares equal to $1,000 divided by the initial share price.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying shares:	SPDR Trust, Series 1
Amount:	$2.8 million
Maturity:	Jan. 5, 2009
Coupon:	8.75%, payable monthly
Price:	Par
Payout at maturity:	If SPDR shares fall below the knock-in price during the life of the notes and the final share price is less than the initial share price, 8.621 shares; otherwise, par
Initial share price:	$115.99
Knock-in price:	$86.99, or 75% of initial price
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Agent:	ABN Amro Inc.
Fees:	1.375%

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