New Issue: ABN Amro sells $1.25 million 16.75% reverse convertibles linked to Wells Fargo

By Susanna Moon

Chicago, Jan. 9 - ABN Amro Bank NV priced $1.25 million of 16.75% Knock-In Reverse Exchangeable notes due July 10, 2009 linked to Wells Fargo & Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless the stock falls below the protection price - 50% 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 Wells Fargo shares equal to $1,000 divided by the initial stock price.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Wells Fargo & Co. (Symbol: WFC)
Amount:	$1.25 million
Maturity:	July 10, 2009
Coupon:	16.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless the stock falls below the protection price and finish below the initial price, in which case 38.655 Wells Fargo shares
Initial price:	$25.87
Protection price:	$12.94, 50% of initial price
Pricing date:	Jan. 7
Settlement date:	Jan. 12
Agent:	ABN Amro Inc.
Fees:	2.25%

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