ABN Amro to price 15.75% reverse convertibles linked to First Solar

New York, Oct. 14 - ABN Amro Bank NV plans to price 15.75% Knock-In Reverse Exchangeable notes due Jan. 29, 2010 linked to First Solar, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless First Solar shares fall below 70% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of First Solar shares equal to $1,000 divided by the initial price.

The notes are expected to price on Oct. 27 and settle on Oct. 30.

RBS Securities Inc. is the agent.

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