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Published on 12/15/2003 in the Prospect News Convertibles Daily.

New Issue: ABN Amro sells $3 million 12% reverse exchangeables linked to Yahoo!

New York, Dec. 15 - ABN Amro Bank NV priced $3 million of one-year 12% knock-in reverse exchangeable notes linked to Yahoo! Inc. stock, according to a filing with the Securities and Exchange Commission.

Issuer:ABN Amro Bank NV
Issue:Knock-in reverse exchangeable senior medium-term notes
Underlying stock:Yahoo! Inc.
Amount:$3 million
Maturity:Dec. 17, 2004
Coupon:12.00%
Price:Par
Payout at maturity:Par in cash if Yahoo! stock always trades above knock-in level, otherwise smaller of par in cash or 23.267 shares of Yahoo! stock
Exchange ratio:23.267
Exchange price:$34.38 (80% of initial level of Yahoo! Stock)
Call:Non-callable
Pricing date:Dec. 12
Settlement date:Dec. 17
Lead manager:ABN Amro Financial Services
Distribution:Off shelf

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