New Issue: ABN Amro prices $2.2 million 15% reverse exchangeables linked to Suntrust

By Susanna Moon

Chicago, July 28 - ABN Amro Bank NV priced $2.2 million of 15% Knock-in Reverse Exchangeable Securities due July 30, 2009 linked to the common stock of Suntrust Banks, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

Payout at maturity will be par unless Suntrust stock falls by more than 45% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Suntrust shares equal to $1,000 divided by the initial share price.

ABN Amro Inc. is the lead agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Suntrust Banks, Inc. (Symbol: STI)
Amount:	$2.2 million
Maturity:	July 30, 2009
Coupon:	15%, payable monthly
Price:	Par
Payout at maturity:	If Suntrust stock falls below the knock-in level during the life of the notes and the final share price is less than the initial share price, 26.096 Suntrust shares; otherwise, par
Initial share price:	$38.32
Knock-in price:	$21.08, or 55% of initial share price
Pricing date:	July 25
Settlement date:	July 30
Agent:	ABN Amro Inc.

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