New Issue: ABN Amro prices $76,000 11% reverse exchangeables linked to Schlumberger

By Angela McDaniels

Tacoma, Wash., Nov. 23 - ABN Amro Bank NV priced $76,000 of Knock-in Reverse Exchangeable Securities due May 25, 2010 linked to the common stock of Schlumberger NV (Schlumberger Ltd.), according to a 424B2 filing with the Securities and Exchange Commission.

The six-month notes pay 5.5% for an annualized coupon of 11%. Interest is payable monthly.

The payout at maturity will be par unless Schlumberger stock falls by more than 25% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Schlumberger shares equal to $1,000 divided by the initial share price.

RBS Securities Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Schlumberger NV (Schlumberger Ltd.) (Symbol: SLB)
Amount:	$76,000
Maturity:	May 25, 2010
Coupon:	11%, payable monthly
Price:	Par
Payout at maturity:	If Schlumberger stock falls below knock-in level during life of notes and finishes below initial share price, 15.788 Schlumberger shares; otherwise, par
Initial share price:	$63.34
Knock-in level:	$47.51, 75% of initial price
Pricing date:	Nov. 20
Settlement date:	Nov. 25
Agent:	RBS Securities Inc.
Fees:	2.25%

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