New Issue: ABN Amro prices $3 million 12% Knock-in Reverse Exchangeables linked to Apple

By Jennifer Chiou

New York, July 17 - ABN Amro Bank NV priced a $3 million issue of 12% Knock-in Reverse Exchangeable notes due April 19, 2007 linked to Apple Computer, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Apple stock. If the stock trades at or below $35.39, the knock-in price, and closes below $50.55, the initial price, investors will receive a number of Apple shares equal to $1,000 divided by the initial stock price. The knock-in price is 70% of the initial price. Otherwise, investors will receive par in cash.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable senior medium-term series A notes
Underlying stock:	Apple Computer, Inc.
Amount:	$3 million
Maturity:	April 19, 2007
Coupon:	12%, payable quarterly
Price:	Par
Payout at maturity:	If Apple stock closes below the knock-in price during the life of the notes and finishes below the initial price, 19.782 shares of Apple stock; otherwise par in cash
Initial stock price:	$50.55
Knock-in price:	$35.39, 70% of initial price
Exchange ratio:	19.782 shares, at maturity
Pricing date:	July 14
Settlement date:	July 19
Agents:	LaSalle Financial Services Inc., ABN Amro Inc.
Distribution:	Off shelf

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