ABN Amro plans issue of 9.5% reverse exchangeables linked to Popular

By Jennifer Chiou

New York, Aug. 3 - ABN Amro Bank NV plans to issue 9.5% reverse exchangeable senior medium-term series A notes due Aug. 9, 2007 linked to Popular, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The proposed pricing date it Aug. 4 with a settlement date of Aug. 9.

Investors will receive par in cash if Popular stock closes above the initial price on the determination date. If Popular stock closes below the initial price on the determination date, investors will receive a number of Popular shares equal to the stock redemption amount.

LaSalle Financial Services, Inc. and ABN Amro Inc. will be the underwriters.

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