New Issue: ABN Amro prices $6 million 13.5% reverse convertibles linked to Nordstrom

New York, Oct. 25 - ABN Amro Bank NV priced $6 million of 13.5% Knock-In Reverse Exchangeable notes due Oct. 24, 2008 linked to Nordstrom, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Nordstrom stock falls below the protection price of $26.97, 70% of the initial price of $38.53, during the life of the notes and finishes below the initial price in which case the payout will be 25.954 shares of Nordstrom stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Nordstrom, Inc.
Amount:	$6 million
Maturity:	Oct. 24, 2008
Coupon:	13.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Nordstrom stock falls below the protection price of $26.97, 70% of the initial price, and finishes below the initial price, in which case 25.954 shares of Nordstrom stock.
Initial price:	$38.53
Protection price:	$26.97, 70% of $38.53
Exchange ratio:	25.954
Pricing date:	Oct. 23
Settlement date:	Oct. 26
Agent:	ABN Amro Inc.
Agent fee:	2.6%

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