New Issue: ABN Amro prices $0.95 million 14.75% reverse convertibles linked to Terex

New York, June 24 - ABN Amro Bank NV priced $0.95 million of 14.75% Knock-In Reverse Exchangeable notes due Oct. 3, 2008 linked to Terex Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Terex shares fall below the protection price of $46.11, 75% of the initial price of $61.48, during the life of the notes and finishes below the initial price in which case the payout will be 16.265 shares of Terex stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Terex Corp. (Symbol: TEX)
Amount:	$0.95 million
Maturity:	Oct. 3, 2008
Coupon:	14.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Terex stock falls below the protection price of $46.11, 75% of the initial price, and finishes below the initial price, in which case 16.265 shares of Terex stock
Initial price:	$61.48
Protection price:	$46.11, 75% of $61.48
Exchange ratio:	16.265
Pricing date:	June 20
Settlement date:	July 3
Agent:	ABN Amro Inc.
Fees:	1.625%

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