New Issue: ABN Amro prices $0.5 million 8.25% reverse convertibles linked to Applied Materials

New York, June 17 - ABN Amro Bank NV priced $0.5 million of 8.25% Knock-In Reverse Exchangeable notes due June 18, 2009 linked to Applied Materials, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Applied Materials shares fall below the protection price of $14.06, 70% of the initial price of $20.09, during the life of the notes and finishes below the initial price in which case the payout will be 49.776 shares of Applied Materials stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Applied Materials, Inc. (Symbol: AMAT)
Amount:	$0.5 million
Maturity:	June 18, 2009
Coupon:	8.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Applied Materials stock falls below the protection price of $14.06, 70% of the initial price, and finishes below the initial price, in which case 49.776 shares of Applied Materials stock
Initial price:	$20.09
Protection price:	$14.06, 70% of $20.09
Exchange ratio:	49.776
Pricing date:	June 13
Settlement date:	June 18
Agent:	ABN Amro Inc.
Fees:	4.25%

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