New Issue: ABN Amro sells $3.2 million 11.375% Knock-In Reverse Exchangeables linked to U.S. Steel

By Angela McDaniels

Seattle, March 16 - ABN Amro Bank NV priced $3.2 million of 11.375% Knock-In Reverse Exchangeable notes linked to United States Steel Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term series A notes
Underlying stock:	United States Steel Corp.
Amount:	$3.2 million
Maturity:	March 19, 2007
Coupon:	11.375%, payable quarterly
Price:	Par
Payout at maturity:	If United States Steel stock closes below the knock-in price at any time, 17.337 shares of United States Steel stock; otherwise par in cash
Initial stock price:	$57.68
Knock-in price:	$37.49, 80% of initial price
Exchange ratio:	17.337 at maturity
Pricing date:	March 14
Settlement date:	March 17
Agents:	LaSalle Financial Services Inc., ABN Amro Inc.
Distribution:	Off shelf

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