New Issue: ABN Amro prices $1 million 17% reverse convertibles linked to Citigroup

New York, Aug. 14 - ABN Amro Bank NV priced $1 million of 17% Knock-In Reverse Exchangeable notes due Feb. 19, 2010 linked to Citigroup Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Citigroup shares fall below the protection price of $2.60, 65% of the initial price of $4.00, during the life of the notes and finish below the initial price in which case the payout will be 250.000 shares of Citigroup stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Citigroup Inc. (Symbol: C)
Amount:	$1 million
Maturity:	Feb. 19, 2010
Coupon:	17%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Citigroup shares fall below the protection price of $2.60, 65% of the initial price, and finish below the initial price, in which case 250.000 shares of Citigroup stock
Initial price:	$4.00
Protection price:	$2.60, 65% of $4.00
Exchange ratio:	250.000
Pricing date:	Aug. 14
Settlement date:	Aug. 19
Agent:	ABN Amro Inc.
Fees:	6.25%

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