New Issue: ABN Amro sells $1.375 million 13% Knock-in Reverse Exchangeables linked to Yahoo!

By Jennifer Chiou

New York, Dec. 29 - ABN Amro Bank NV priced $1.375 million of 13% Knock-in Reverse Exchangeable notes due June 29, 2007 linked to Yahoo! Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Yahoo! stock. If the stock trades at or below $20.36, the knock-in price, and closes below $25.45, the initial price, between Dec. 26, 2006 and June 29, 2007, investors will receive a number of Yahoo! shares equal to $1,000 divided by the initial stock price. The knock-in price is 80% of the initial price.

Otherwise, investors will receive par in cash.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable notes
Underlying stock:	Yahoo! Inc.
Amount:	$1.375 million
Maturity:	June 29, 2007
Coupon:	13%, payable quarterly
Price:	Par
Payout at maturity:	If Yahoo! stock closes below the knock-in price during the life of the notes and finishes below the initial price, 32.293 shares of Yahoo! stock; otherwise, par in cash
Initial price:	$25.45
Knock-in price:	$20.36, 80% of initial price
Exchange ratio:	32.293 shares, at maturity
Pricing date:	Dec. 26
Settlement date:	Dec. 29
Agent:	ABN Amro Inc.
Distribution:	Off shelf

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