New Issue: ABN Amro sells $5 million 11.5% reverse exchangeables linked to Verizon

New York, May 21 - ABN Amro Bank NV priced $5 million 11.5% reverse exchangeable notes linked to the common stock of Verizon Communications Inc., according to a filing with the Securities and Exchange Commission.

The senior medium-term notes were priced May 17 via ABN Amro Financial Services, Inc.

If Verizon stock closes below $43.14, its level when the exchangeables were priced, on the third business day before maturity, holders of the securities participate in any downside.

Issue:	ABN Amro Bank NV
Amount:	$5 million
Maturity:	May 22, 2003
Coupon:	11.5%, payable semi-annually
Price:	Par
Payout at maturity:	If Verizon stock closes at $43.14 or above on determination date (three business days before maturity), securities pay par in cash
	Otherwise 23.18 shares of Verizon stock
Settlement:	May 22
Listing:	"REX.P" on American Stock Exchange

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