New Issue: ABN Amro sells $1.65 million 10.5% Knock-in Reverse Exchangeables linked to Texas Instruments

By Jennifer Chiou

New York, July 17 - ABN Amro Bank NV priced a $1.65 million issue of 10.5% Knock-in Reverse Exchangeable notes due July 19, 2007 linked to Texas Instruments Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Texas Instruments stock. If the stock trades at or below $23.00, the knock-in price, and closes below $28.75, the initial price, investors will receive a number of Texas Instruments 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.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable senior medium-term series A notes
Underlying stock:	Texas Instruments Inc.
Amount:	$1.65 million
Maturity:	July 19, 2007
Coupon:	10.5%, payable quarterly
Price:	Par
Payout at maturity:	If Texas Instruments stock closes below the knock-in price during the life of the notes and finishes below the initial price, 34.783 shares of Texas Instruments stock; otherwise par in cash
Initial stock price:	$28.75
Knock-in price:	$23.00, 80% of initial price
Exchange ratio:	34.783 shares, at maturity
Pricing date:	July 14
Settlement date:	July 19
Agents:	LaSalle Financial Services Inc., ABN Amro Inc.
Distribution:	Off shelf

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