New Issue: ABN Amro sells $1.6 million 9.5% reverse exchangeables linked to Popular

By Angela McDaniels

Seattle, Aug. 8 - ABN Amro Bank NV priced a $1.6 million issue of 9.5% reverse exchangeable notes due Aug. 9, 2007 linked to Popular Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

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 $1,000 divided by the initial share price.

Issuer:	ABN Amro Bank NV
Issue:	Reverse exchangeable medium-term senior notes, series A
Underlying stock:	Popular Inc.
Amount:	$1.6 million
Maturity:	Aug. 9, 2007
Coupon:	9.5%, payable monthly
Price:	Par
Payout at maturity:	If Popular stock finishes below the initial price, 53.706 shares of Popular stock; otherwise par in cash
Initial stock price:	$18.62
Exchange ratio:	53.706 shares, at maturity
Pricing date:	Aug. 4
Settlement date:	Aug. 9
Agents:	LaSalle Financial Services Inc., ABN Amro Inc.
Distribution:	Off shelf

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