New Issue: ABN Amro prices $500,000 10% knock-in notes linked to 3M

By E. Janene Geiss

Philadelphia, Feb. 28 - ABN Amro Bank NV priced a $500,000 offering of Knock-In Reverse Exchangeable Securities due Feb. 29, 2008 linked to 3M Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The one-year notes will pay 10%. Interest will be payable monthly.

The payout at maturity will be par unless 3M stock falls below the knock-in price of $68.59 during the life of the securities and finishes below the initial share price of $76.21, in which case the payout will be a number of 3M shares equal to $1,000 divided by the initial share price.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable Securities
Underlying stock:	3M Co.
Amount:	$500,000
Maturity:	Feb. 29, 2008
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	Par if 3M stock remains at or above the knock-in price during the life of the securities or finishes at or above the initial share price; otherwise, 13.121 3M shares
Initial share price:	$76.21
Knock-in price:	$68.59, 90% of initial share price
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	ABN Amro Inc.
Agent fees:	0.5%

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