New Issue: ABN Amro prices $3.15 million 17% notes linked to Nucor

By Angela McDaniels

Seattle, March 6 - ABN Amro Bank NV priced a $3.15 million offering of Knock-in Reverse Exchangeable Securities due June 7, 2007 linked to the common stock of Nucor Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The three-month notes pay 4.25% for an annualized rate of 17%. Interest is payable monthly.

The payout at maturity will be par unless Nucor stock falls below the knock-in level of $46.99 during the life of the securities and finishes below the initial share price of $58.74, in which case the payout will be a number of Nucor shares equal to $1,000 divided by the initial share price.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Nucor Corp.
Amount:	$3.15 million
Maturity:	June 7, 2007
Coupon:	17%, payable monthly
Price:	Par
Payout at maturity:	If Nucor's share price falls below the knock-in level during the life of the securities and finishes below the initial share price, 17.024 Nucor shares; otherwise, par
Initial share price:	$58.74
Knock-in level:	$46.99, 80% of initial share price
Pricing date:	March 2
Settlement date:	March 7
Agent:	ABN Amro Inc.
Agent fees:	1.5%

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