ABN Amro plans 10% Knock-in Reverse Exchangeables linked to UPS

By Susanna Moon

Chicago, July 15 - ABN Amro Bank NV plans to price 10% annualized Knock-in Reverse Exchangeable Securities due Jan. 30, 2009 linked to United Parcel Service, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

Payout at maturity will be par unless UPS stock falls below the knock-in price - 80% of the initial price - during the life of the notes and finishes below the initial price, in which case investors will receive a number of UPS shares equal to $1,000 divided by the initial stock price.

The notes are expected to price on July 28 and to settle on July 31.

ABN Amro Inc. will be the agent.

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