New Issue: ABN Amro prices $0.035 million 16.5% reverse convertibles linked to Wells Fargo

New York, June 29 - ABN Amro Bank NV priced $0.035 million of 16.5% Knock-In Reverse Exchangeable notes due Dec. 31, 2009 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 of $14.28, 60% of the initial price of $23.80, during the life of the notes and finish below the initial price in which case the payout will be 42.017 shares of Wells Fargo stock.

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:	$0.035 million
Maturity:	Dec. 31, 2009
Coupon:	16.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Wells Fargo shares fall below the protection price of $14.28, 60% of the initial price, and finish below the initial price, in which case 42.017 shares of Wells Fargo stock
Initial price:	$23.80
Protection price:	$14.28, 60% of $23.80
Exchange ratio:	42.017
Pricing date:	June 25
Settlement date:	June 30
Agent:	ABN Amro Inc.
Fees:	1.75%

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