New Issue: ABN Amro prices $1 million 31% reverse convertibles linked to CIT Group

New York, Aug. 23 - ABN Amro Bank NV priced $1 million of 31% reverse convertible notes due Nov. 30, 2007 linked to CIT Group Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless CIT Group stock falls below the protection price of $24.54, 70% of the initial price of $35.05, during the life of the notes and finishes below the initial price in which case the payout will be 28.531 shares of CIT Group stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	CIT Group Inc.
Amount:	$1 million
Maturity:	Nov. 30, 2007
Coupon:	31%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless CIT Group stock falls below the protection price of $24.54, 70% of the initial price, and finishes below the initial price, in which case 28.531 shares of CIT Group stock.
Initial price:	$35.05
Protection price:	$24.54, 70% of $35.05
Exchange ratio:	28.531
Pricing date:	Aug. 21
Settlement date:	Aug. 31
Agent:	ABN Amro Inc.
Agent fee:	1.5%

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