New Issue: ABN Amro prices $310,000 notes linked to financial services basket

By Jennifer Chiou

New York, July 20 - ABN Amro Bank NV issued $310,000 of notes in the Shields (Structured Hybrid Equity Linked Securities) structure linked to a the value of a basket of common stocks or ADRs of 10 financial services companies, according to a 424B3 filing with the Securities and Exchange Commission.

The basket consists of Bank of America Corp, BBT&T Corp., Citigroup Inc., HSBC Holdings plc, KeyCorp, SunTrust Banks Inc., U.S. Bancorp, Wachovia Corp., Washington Mutual Inc. and Wells Fargo & Co.

At maturity, the notes pay the percentage gain in the basket, based on the average of its quarterly performance over the life of the securities. Investors will receive a minimum of par.

Issuer:	ABN Amro Bank NV
Issue:	Shields (Structured Hybrid Equity Linked Securities) senior medium-term series A notes
Underlying basket:	Bank of America Corp, BBT&T Corp., Citigroup Inc., HSBC Holdings plc, KeyCorp, SunTrust Banks Inc., U.S. Bancorp, Wachovia Corp., Washington Mutual Inc., Wells Fargo & Co. (equally weighted)
Amount:	$310,000
Maturity:	April 20, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Average percentage change in value of the underlying basket, measured quarterly over life of note; minimum of par
Pricing date:	July 15
Settlement date:	July 20
Underwriter:	ABN Amro Financial Services, Inc., ABN Amro Inc.

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