ABN Amro plans 8.25% knock-in notes linked to Applied Materials

By Susanna Moon

Chicago, June 3 - ABN Amro Bank NV plans to price 8.25% annualized Knock-in Reverse Exchangeable Securities due June 18, 2009 linked to the common stock of Applied Materials, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Applied Materials stock falls below its knock-in level - 70% of the initial share price - during the life of the securities and finishes below its initial share price, in which case the payout will be a number of Applied Materials shares equal to par divided by the initial share price.

The notes are expected to price on June 13 and settle on June 18.

ABN Amro Inc. is the lead agent.

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