New Issue: ABN Amro prices $3.4 million 11.65% knock-in notes linked to Whole Foods

By E. Janene Geiss

Philadelphia, June 29 - ABN Amro Bank NV priced $3.4 million of Knock-in Reverse Exchangeable Securities due Dec. 31, 2007 linked to the common stock of Whole Foods Market, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The six-month notes will pay 5.825% for an annualized rate of 11.65%. Interest is payable monthly.

The payout at maturity will be par unless Whole Foods stock closes below the knock-in level of $30.53 during the life of the notes and closes below the initial share price of $38.16 on the third trading day prior to maturity, in which case the payout will be a number of Whole Foods shares equal to $1,000 divided by the initial share price.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Whole Foods Market, Inc.
Amount:	$3.4 million
Maturity:	Dec. 31, 2007
Coupon:	11.65%, payable monthly
Price:	Par
Payout at maturity:	If Whole Foods stock falls by more than 20% during the life of the notes and finishes below the initial share price, 26.205 Whole Foods shares; otherwise, par
Initial share price:	$38.16
Knock-in level:	$30.53, 80% of initial share price
Pricing date:	June 26
Settlement date:	June 29
Agent:	ABN Amro Inc.
Fees:	1.75%

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