New Issue: ABN sells $2.7 million 9.5% knock-in notes linked to Starbucks

By Jennifer Chiou

New York, April 19 - ABN Amro Bank NV priced $2.7 million of 9.5% Knock-in Reverse Exchangeable Securities due April 16, 2008 linked to Starbucks Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Starbucks stock. If the stock falls below $24.54, the knock-in price, during the life of the notes and finishes below $30.67, the initial price, investors will receive a number of Starbucks shares equal to $1,000 divided by the initial price. The knock-in price is 80% of the initial price.

Otherwise, investors will receive par in cash.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Starbucks Corp.
Amount:	$2.7 million
Maturity:	April 16, 2008
Coupon:	9.5%, payable monthly
Price:	Par
Payout at maturity:	If Starbucks stock closes below the knock-in price during the life of the notes and finishes below the initial price, 32.605 shares of Starbucks stock; otherwise, par in cash
Initial price:	$30.67
Knock-in price:	$24.54, 80% of initial price
Exchange ratio:	32.605 shares, at maturity
Pricing date:	April 12
Settlement date:	April 17
Agent:	ABN Amro Inc.
Agent fees:	2.25%

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