New Issue: ABN Amro prices $0.3 million 12% reverse convertibles linked to General Motors

New York, April 30 - ABN Amro Bank NV priced $0.3 million of 12% Knock-In Reverse Exchangeable notes due Oct. 31, 2008 linked to General Motors Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless General Motors stock falls below the protection price of $10.69, 50% of the initial price of $21.38, during the life of the notes and finishes below the initial price in which case the payout will be 46.773 shares of General Motors stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	General Motors Corp. (NYSE: GM)
Amount:	$0.3 million
Maturity:	Oct. 31, 2008
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless General Motors stock falls below the protection price of $10.69, 50% of the initial price, and finishes below the initial price, in which case 46.773 shares of General Motors stock
Initial price:	$21.38
Protection price:	$10.69, 50% of $21.38
Exchange ratio:	46.773
Pricing date:	April 25
Settlement date:	April 30
Agent:	ABN Amro Inc.
Fees:	1.75%

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