ABN Amro to price 14.2% knock-in notes linked to CSX

By Devika Patel

New York, Aug. 10 - ABN Amro Bank NV plans to price Knock-in Reverse Exchangeable Securities due Feb. 29, 2008 linked to the common stock of CSX Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The securities will carry an annualized coupon of 14.2%, payable monthly. The initial stock price will be the closing price of CSX's stock on the pricing date.

The payout at maturity will be par unless CSX's stock falls by 20% or more during the life of the securities and finishes below the initial share price, in which case the payout will be a number of CSX shares equal to $1,000 divided by the initial stock price.

Pricing is expected to occur on Aug. 28. The expected settlement date is Aug. 31.

ABN Amro Inc. will be the underwriter.

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