New Issue: ABN Amro prices $600,000 29.25% reverse exchangeables linked to Dryships

By Angela McDaniels

Tacoma, Wash., Nov. 9 - ABN Amro Bank NV priced $600,000 of Knock-in Reverse Exchangeable Securities due Feb. 12, 2010 linked to the common stock of Dryships Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The three-month notes pay 7.3125% for an annualized coupon of 29.25%. Interest is payable monthly.

The payout at maturity will be par unless Dryships stock falls by more than 30% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Dryships shares equal to $1,000 divided by the initial share price.

RBS Securities Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Dryships Inc. (Symbol: DRYS)
Amount:	$600,000
Maturity:	Feb. 12, 2010
Coupon:	29.25%, payable monthly
Price:	Par
Payout at maturity:	If Dryships stock falls below knock-in level during life of notes and finishes below initial share price, 162.075 Dryships shares; otherwise, par
Initial share price:	$6.17
Knock-in level:	$4.32, 70% of initial price
Pricing date:	Nov. 6
Settlement date:	Nov. 12
Agent:	RBS Securities Inc.
Fees:	2.5%

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