New Issue: ABN Amro sells $800,000 18.5% Knock-in Reverse Exchangeables linked to Elan

By Jennifer Chiou

New York, Oct. 31 - ABN Amro Bank NV priced $800,000 of 18.5% annualized Knock-in Reverse Exchangeable Securities due Jan. 31, 2008 linked to the common shares of Elan Corp., plc, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Elan stock. If Elan shares close below $17.0925, the knock-in price, during the life of the notes and the final share price is less than the initial share price of $22.79, investors will receive a number of Elan shares equal to $1,000 divided by the initial share price. The knock-in price is 75% of the initial share price.

Otherwise, investors will receive par in cash.

ABN Amro Inc. and LaSalle Financial Services are the agents.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Elan Corp., plc (Symbol: ELN)
Amount:	$800,000
Maturity:	Jan. 31, 2008
Coupon:	18.5% annualized, payable monthly
Price:	Par
Payout at maturity:	If Elan shares fall below the knock-in price during the life of the notes and finish below the initial share price, a number of Elan shares equal to $1,000 divided by the initial share price; otherwise, par in cash
Initial share price:	$22.79
Knock-in price:	$17.0925, 75% of initial share price
Exchange ratio:	43.879 shares, at maturity
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agents:	ABN Amro Inc., LaSalle Financial Services
Fees:	1.375%
Distribution:	Off shelf

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