New Issue: ABN Amro prices $1.975 million 11.5% reverse convertibles linked to Deere

New York, July 30 - ABN Amro Bank NV priced $1.975 million of 11.5% reverse convertible notes due Jan. 31, 2008 linked to Deere & Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Deere stock falls below the protection price, 85% of the initial price of $121.02, during the life of the notes and finishes below the initial price in which case the payout will be 8.263 shares of Deere stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	Deere & Co.
Amount:	$1.975 million
Maturity:	Jan. 31, 2008
Coupon:	11.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Deere stock falls below the protection price, 85% of the initial price, and finishes below the initial price, in which case 8.263 shares of Deere stock.
Initial price:	$121.02
Exchange ratio:	8.263
Pricing date:	July 26
Settlement date:	July 31
Agent:	ABN Amro Inc.
Agent fee:	1.75%

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