ABN Amro to price 10.7% Knock-in Bearish Reverse Exchangeables linked to CSX

By Susanna Moon

Chicago, April 14 - ABN Amro Bank NV plans to price 10.7% Knock-in Bearish Reverse Exchangeable Securities due July 21, 2008 linked to the common stock of CSX Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless CSX stock rises above the knock-in price - 120% of the initial share price - during the life of the notes and the final share price is greater than the initial share price, in which case the payout will be a number of CSX shares equal to the stock redemption value divided by the final share price.

The stock redemption value will be a dollar amount equal to the greater of zero and $1,000 times 200% minus the stock return.

The notes are expected to price on April 16 and settle on April 21.

ABN Amro Inc. will be the lead agent.

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