New Issue: ABN Amro prices $0.25 million 17.5% reverse convertibles linked to ConocoPhillips

New York, March 30 - ABN Amro Bank NV priced $0.25 million of 17.5% Knock-In Reverse Exchangeable notes due Sept. 30, 2009 linked to ConocoPhillips shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless ConocoPhillips shares fall below the protection price of $28.22, 70% of the initial price of $40.31, during the life of the notes and finish below the initial price in which case the payout will be 24.808 shares of ConocoPhillips stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	ConocoPhillips (Symbol: COP)
Amount:	$0.25 million
Maturity:	Sept. 30, 2009
Coupon:	17.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless ConocoPhillips shares fall below the protection price of $28.22, 70% of the initial price, and finish below the initial price, in which case 24.808 shares of ConocoPhillips stock
Initial price:	$40.31
Protection price:	$28.22, 70% of $40.31
Exchange ratio:	24.808
Pricing date:	March 26
Settlement date:	March 31
Agent:	ABN Amro Inc.
Fees:	1.75%

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