New Issue: ABN Amro sells $17.5 million 14% reverse exchangeables linked to Nortel

New York, March 2 - ABN Amro Bank NV priced $17.5 million of one-year 14% knock-in reverse exchangeable notes linked to Nortel Networks Corp. stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in reverse exchangeable senior medium-term notes
Underlying stock:	Nortel Networks Corp.
Amount:	$17.5 million
Maturity:	March 3, 2005
Coupon:	14%
Price:	Par
Payout at maturity:	Par in cash if Nortel stock never trades at knock-in level or below, otherwise smaller of par in cash or 125.313 shares of Nortel stock
Knock-in price:	$5.59, 70% of initial price of $7.98
Exchange ratio:	125.313
Exchange price:	$7.98 (initial level of Nortel stock)
Call:	Non-callable
Pricing date:	Feb. 27
Settlement date:	March 3
Lead manager:	ABN Amro Financial Services
Distribution:	Off shelf

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