New Issue: ABN Amro sells $1.5 million 8.75% reverse exchangeables linked to Apache

New York, May 17 - ABN Amro Bank NV priced $1.5 million of one-year 8.75% Knock-In Reverse Exchangeable notes linked to Apache Corp. common stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term notes
Underlying stock:	Apache Corp.
Amount:	$1.5 million
Maturity:	May 16, 2006
Coupon:	8.75%
Price:	Par
Payout at maturity:	Par in cash if Apache stock never trades at knock-in level or below, otherwise smaller of par in cash or 17.569 shares of Apache stock
Knock-in price:	$42.69, 75% of initial price of $56.92
Exchange ratio:	17.569
Exchange price:	$56.92
Call:	Non-callable
Pricing date:	May 11
Settlement date:	May 16
Lead manager:	ABN Amro Financial Services
Distribution:	Off shelf

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