New Issue: ABN Amro prices $2.9 million 14.5% reverse convertibles linked to Nucor

New York, July 27 - ABN Amro Bank NV priced $2.9 million of 14.5% reverse convertible notes due Jan. 31, 2008 linked to Nucor Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Nucor stock falls below the protection price, 80% of the initial price of $55.93, during the life of the notes and finishes below the initial price in which case the payout will be 17.879 shares of Nucor stock.

LaSalle Financial Services is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	Nucor Corp.
Amount:	$2.9 million
Maturity:	Jan. 31, 2008
Coupon:	14.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Nucor stock falls below the protection price, 80% of the initial price, and finishes below the initial price, in which case 17.879 shares of Nucor stock.
Initial price:	$55.93
Exchange ratio:	17.879
Pricing date:	July 25
Settlement date:	July 30
Agent:	LaSalle Financial Services
Agent fee:	2.25%

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