New Issue: ABN Amro sells $2.4 million of 20% reverse exchangeables linked to Rambus

By Laura Lutz

Des Moines, Nov. 1 - ABN Amro Bank NV priced $2.4 million of 20% Knock-In Reverse Exchangeable notes due Oct. 31, 2007 linked to Rambus Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Rambus stock. If the stock trades at or below $8.50, the knock-in price, and closes below $17, the initial price, between Oct. 26, 2006 and Oct. 26, 2007, investors will receive a number of Rambus shares equal to $1,000 divided by the initial stock price. The knock-in price is 50% of the initial price. Otherwise, investors will receive par in cash.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Rambus Inc.
Amount:	$2.4 million
Maturity:	Oct. 31, 2007
Coupon:	20%, payable monthly
Price:	Par
Payout at maturity:	If Rambus stock closes below the knock-in price during the life of the notes and finishes below the initial price, 58.824 shares of Rambus stock; otherwise par in cash
Initial price:	$17.00
Knock-in price:	$8.50
Exchange ratio:	58.824
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	ABN Amro Inc.
Agent's fee:	2%
Distribution:	Off shelf

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