New Issue: ABN Amro prices $525,000 of 8.8% notes linked to Chevron via LaSalle

By Laura Lutz

Indianapolis, Jan. 23 - ABN Amro Bank NV priced a $525,000 issue of 8.8% Knock-In Reverse Exchangeable Securities due Jan. 24, 2008 linked to the common stock of Chevron Corp. via agent LaSalle Financial Services, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Chevron stock falls below the knock-in level of $65.09 during the life of the notes and finishes below the initial share price of $72.32, in which case the payout will be a number of Chevron shares equal to $1,000 divided by the initial share price.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable Securities
Underlying stock:	Chevron Co., Inc.
Amount:	$525,000
Maturity:	Jan. 24, 2008
Coupon:	8.8%, payable monthly
Price:	Par
Payout at maturity:	Par if Chevron stock remains at or above the knock-out level during the life of the notes or finishes at or above the initial share price; otherwise, 13.827 shares of Chevron stock
Knock-in level:	$65.09, 90% of the initial share price
Initial share price:	$72.32
Pricing date:	Jan. 19
Settlement date:	Jan. 24
Agent:	LaSalle Financial Services, Inc.
Agent fees:	2.75%

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