New Issue: ABN Amro prices $11 million 11.5% reverse exchangeables linked to AT&T

New York, Nov. 21 - ABN Amro Bank NV priced on Tuesday $11 million of 11.5% 18-month reverse exchangeable senior notes linked to AT&T Corp. stock, according to a filing with the Securities and Exchange Commission.

The offering, sold off ABN Amro's medium-term note program, pays out AT&T stock at maturity if the stock is trading below the $17.04 level it closed at on the pricing date. If AT&T stock is trading higher, holders receive par at maturity.

Lead manager was ABN Amro Financial Services Inc. Other syndicate members were ABN Amro Inc., First Institutional Securities, LLC and First Union Securities Inc.

Issuer:	ABN Amro Bank NV
Amount:	$11 million
Maturity:	May 27, 2003
Coupon:	11.5%, payable semi-annually beginning May 26, 2002
Price:	Par
Payout:	The payment at maturity depends on the level of AT&T common stock three business
	days before maturity. If it the stock is at or above the $17.04 it closed on Nov. 20, 2001,
	the pricing date, holders receive par of $1,000 in cash. If it is below $17.04, holders will
	receive 58.685 AT&T shares for each $1,000 note.
Settlement:	Nov. 26
Listing:	American Stock Exchange under symbol REX.H
Cusip:	00079FAJ1
End

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