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Published on 8/30/2007 in the Prospect News Structured Products Daily.

New Issue: ABN Amro prices $2.85 million 11% reverse convertibles linked to Rowan

New York, Aug. 30 - ABN Amro Bank NV priced $2.85 million of 11% reverse convertible notes due Aug. 29, 2008 linked to Rowan Cos., Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Rowan stock falls below the protection price, 70% of the initial price of $37.05, during the life of the notes and finishes below the initial price in which case the payout will be 26.991 shares of Rowan stock.

ABN Amro Inc. is the agent.

Issuer:ABN Amro Bank NV
Issue:Reverse convertible notes
Underlying stock:Rowan Cos., Inc.
Amount:$2.85 million
Maturity:Aug. 29, 2008
Coupon:11%, payable monthly
Price:Par
Payout at maturity:Par in cash unless Rowan stock falls below the protection price, 70% of the initial price, and finishes below the initial price, in which case 26.991 shares of Rowan stock.
Initial price:$37.05
Exchange ratio:26.991
Pricing date:Aug. 28
Settlement date:Aug. 31
Agent:ABN Amro Inc.
Agent fee:2.5%

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