New Issue: ABN Amro prices $1.175 million 11% notes linked to GM

By Angela McDaniels

Seattle, Feb. 28 - ABN Amro Bank NV priced a $1.175 million offering of 11% Knock-In Reverse Exchangeable Securities due Feb. 29, 2008 linked to the common stock of General Motors Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless GM stock falls by more than 30% during the life of the securities and finishes below the initial share price of $34.26, in which case the payout will be a number of GM shares equal to $1,000 divided by the initial share price.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable Securities
Underlying stock:	General Motors Corp.
Amount:	$1.175 million
Maturity:	Feb. 29, 2008
Coupon:	11%, payable monthly
Price:	Par
Payout at maturity:	If GM stock falls by more than 30% during the life of the securities and finishes below the initial share price, 29.189 GM shares; otherwise, par
Initial share price:	$34.26
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	ABN Amro Inc.
Agent fees:	2.5%

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