ABN Amro to price 17% reverse exchangeables linked to Research In Motion

By Angela McDaniels

Tacoma, Wash., June 23 - ABN Amro Bank NV plans to price Knock-in Reverse Exchangeable Securities due Dec. 31, 2008 linked to the common stock of Research In Motion Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

The six-month notes will pay 8.5% for an annualized coupon of 17%. Interest will be payable monthly.

The payout at maturity will be par unless Research In Motion stock falls below the knock-in level - 70% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Research In Motion shares equal to $1,000 divided by the initial share price.

The notes will price on June 25 and settle on June 30.

ABN Amro Inc. will be the agent.

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