ABN Amro plans issue of 8.25% Knock-in Reverse Exchangeables linked to Wal-Mart

By Jennifer Chiou

New York, June 27 - ABN Amro Bank NV plans to price an issue of 8.25% Knock-in Reverse Exchangeable notes due July 6, 2007 linked to Wal-Mart Stores, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The proposed pricing date is June 30, and the proposed settlement date is July 6.

Payment at maturity will be determined according to the performance of Wal-Mart stock. If the stock trades at or below the knock-in price and closes below the initial price, investors will receive a number of Wal-Mart shares equal to $1,000 divided by the initial stock price. The knock-in price will be 90% of the initial price. Otherwise, investors will receive par in cash.

LaSalle Financial Services Inc. and ABN Amro Inc. will be the agents.

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