New Issue: ABN Amro prices $2 million 8.1% reverse convertibles linked to Public Service Enterprise

New York, Aug. 6 - ABN Amro Bank NV priced $2 million of 8.1% Knock-In Reverse Exchangeable notes due Feb. 6, 2009 linked to Public Service Enterprise Group Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Public Service Enterprise shares fall below the protection price of $28.13, 71% of the initial price of $39.62, during the life of the notes and finish below the initial price in which case the payout will be 25.240 shares of Public Service Enterprise stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Public Service Enterprise Group Inc. (Symbol: PEG)
Amount:	$2 million
Maturity:	Feb. 6, 2009
Coupon:	8.1%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Public Service Enterprise shares fall below the protection price of $28.13, 71% of the initial price, and finish below the initial price, in which case 25.240 shares of Public Service Enterprise stock
Initial price:	$39.62
Protection price:	$28.13, 71% of $39.62
Exchange ratio:	25.240
Pricing date:	Aug. 4
Settlement date:	Aug. 7
Agent:	ABN Amro Inc.
Fees:	0.75%

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