New Issue: ABN Amro prices $375,000 12% knock-in notes linked to USEC

By Angela McDaniels

Seattle, June 26 - ABN Amro Bank NV priced $375,000 of 12% Knock-in Reverse Exchangeable Securities due June 27, 2008 linked to the common stock of USEC Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless USEC stock falls by more than 30% during the life of the securities and finishes below the initial share price, in which case the payout will be a number of USEC shares equal to $1,000 divided by the initial share price.

LaSalle Financial Services is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	USEC Inc.
Amount:	$375,000
Maturity:	June 27, 2008
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	If USEC stock closes below the knock-in level during the life of the securities and finishes below the initial share price, 46.147 USEC shares; otherwise, par
Initial share price:	$21.67
Knock-in level:	$15.169, 70% of initial share price
Pricing date:	June 22
Settlement date:	June 27
Agent:	LaSalle Financial Services
Fees:	3%

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