New Issue: ABN Amro sells $296,000 13.25% reverse convertibles tied to Wells Fargo

By Susanna Moon

Chicago, Dec. 4 - ABN Amro Bank NV priced $296,000 of 13.25% Knock-in Reverse Exchangeable Securities due March 8, 2010 linked to Wells Fargo & Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Wells Fargo shares fall below the protection price - 75% of the initial price - during the life of the notes and finish below the initial price, in which case investors will receive a number of Wells Fargo shares equal to $1,000 divided by the initial share price.

RBS Securities Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Wells Fargo & Co. (Symbol: WFC)
Amount:	$296,000
Maturity:	March 8, 2010
Coupon:	13.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Wells Fargo shares fall below the protection price and finish below the initial price, in which case 37.75 Wells Fargo shares
Initial price:	$26.49
Protection price:	$19.87, or 75% of initial price
Pricing date:	Dec. 3
Settlement date:	Dec. 8
Agent:	RBS Securities Inc.
Fees:	1.5%

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