New Issue: ABN Amro sells $1 million 15% Knock-In Reverse Exchangeables linked to Valero

By Jennifer Chiou

New York, Feb. 16 - ABN Amro Bank NV priced $1 million of 15% Knock-In Reverse Exchangeable notes linked to Valero Energy Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term series A notes
Underlying stock:	Valero Energy Corp.
Amount:	$1 million
Maturity:	Feb. 21, 2007
Coupon:	15%, payable monthly
Price:	Par
Payout at maturity:	If Valero stock closes below the knock-in price of $39.81 at any time, 20.096 shares of Valero stock; otherwise par in cash
Knock-in price:	$39.81 (80% of initial price)
Exchange ratio:	20.096 at maturity
Exchange price:	$49.76 (closing price of stock on pricing date)
Pricing date:	Feb. 14
Settlement date:	Feb. 21
Lead manager:	LaSalle Financial Services, Inc., ABN Amro Inc.
Distribution:	Off shelf

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