New Issue: ABN Amro sells $500,000 14.5% Knock-in Reverse Exchangeables linked to Verifone

By Jennifer Chiou

New York, June 6 - ABN Amro Bank NV priced $500,000 of 14.5% annualized Knock-in Reverse Exchangeable Securities due Dec. 6, 2007 linked to Verifone Holdings, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Payment at maturity will be determined according to the performance of Verifone stock. If the stock trades at or below $27.77, the knock-in price, and closes below $34.71, the initial stock price, during the life of the notes, investors will receive a number of Verifone shares equal to $1,000 divided by the initial stock price. The knock-in price is 80% of the initial stock price.

Otherwise, investors will receive par in cash.

LaSalle Financial Services, Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Verifone Holdings, Inc.
Amount:	$500,000
Maturity:	Dec. 6, 2007
Coupon:	14.5%, payable monthly
Price:	Par
Payout at maturity:	If Verifone stock closes below the knock-in price of $27.77 during the life of the notes and finishes below the initial stock price, 28.81 shares of Verifone stock; otherwise, par in cash
Initial stock price:	$34.71
Knock-in price:	$27.77, 80% of initial stock price
Exchange ratio:	28.81 shares, at maturity
Pricing date:	June 1
Settlement date:	June 6
Agent:	LaSalle Financial Services, Inc.
Fees:	1.75%
Distribution:	Off shelf

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