New Issue: ABN Amro sells $2.075 million 11.25% knock-in reverse notes linked to Schlumberger

By E. Janene Geiss

Philadelphia, Jan. 31 - ABN Amro Bank NV priced $2.075 million of 11.25% Knock-in Reverse Exchangeable Securities due Jan. 31, 2008 linked to Schlumberger Ltd. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Schlumberger stock. If the stock trades at or below $50.12, the knock-in price, between Jan. 31, 2007 and Jan. 31, 2008, and closes below $62.65, the initial price, investors will receive a number of Schlumberger shares equal to $1,000 divided by the initial stock price. The knock-in price is 80% of the initial price.

Otherwise, investors will receive par in cash.

ABN Amro Inc. is agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Schlumberger Ltd.
Amount:	$2.075 million
Maturity:	Jan. 31, 2008
Coupon:	11.25%, payable monthly
Price:	Par
Payout at maturity:	If Schlumberger stock closes below the knock-in price during the life of the notes and finishes below the initial price, 15.962 shares of Schlumberger stock; otherwise, par in cash
Initial price:	$62.65
Knock-in price:	$50.12, 80% of initial price
Exchange ratio:	15.962 shares, at maturity
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	ABN Amro Inc.
Fees:	2.5%
Distribution:	Off shelf

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