New Issue: ABN Amro sells $1 million 9.75% reverse exchangeables linked to Popular

By Jennifer Chiou

New York, July 26 - ABN Amro Bank NV priced $1 million 9.75% reverse exchangeable notes due July 28, 2007 linked to Popular, Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Reverse exchangeable senior medium-term series A notes
Underlying stock:	Popular, Inc.
Amount:	$1 million
Maturity:	July 28, 2007
Coupon:	9.75%, payable quarterly
Price:	Par
Payout at maturity:	If Popular stock closes below the initial price of $17.83, 56.085 Popular shares per $1,000 principal amount; otherwise par in cash
Exchange ratio:	56.085
Initial price:	$17.83 (closing price of stock on pricing date)
Pricing date:	July 21
Settlement date:	July 28
Underwriters:	LaSalle Financial Services, Inc., ABN Amro Inc.
Distribution:	Off shelf

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