New Issue: ABN Amro prices $0.45 million 12.25% reverse convertibles linked to McDonald's

New York, Dec. 22 - ABN Amro Bank NV priced $0.45 million of 12.25% Knock-In Reverse Exchangeable notes due March 24, 2009 linked to McDonald's Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless McDonald's shares fall below the protection price of $42.22, 70% of the initial price of $60.32, during the life of the notes and finish below the initial price in which case the payout will be 16.578 shares of McDonald's stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	McDonald's Corp. (Symbol: MCD)
Amount:	$0.45 million
Maturity:	March 24, 2009
Coupon:	12.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless McDonald's shares fall below the protection price of $42.22, 70% of the initial price, and finish below the initial price, in which case 16.578 shares of McDonald's stock
Initial price:	$60.32
Protection price:	$42.22, 70% of $60.32
Exchange ratio:	16.578
Pricing date:	Dec. 19
Settlement date:	Dec. 24
Agent:	ABN Amro Inc.
Fees:	1.375%

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