New Issue: ABN Amro prices $1 million 9.25% reverse convertibles linked to Eaton

New York, June 24 - ABN Amro Bank NV priced $1 million of 9.25% Knock-In Reverse Exchangeable notes due Oct. 3, 2008 linked to Eaton Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Eaton shares fall below the protection price of $74.75, 80% of the initial price of $93.44, during the life of the notes and finishes below the initial price in which case the payout will be 10.702 shares of Eaton stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Eaton Corp. (Symbol: ETN)
Amount:	$1 million
Maturity:	Oct. 3, 2008
Coupon:	9.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Eaton stock falls below the protection price of $74.75, 80% of the initial price, and finishes below the initial price, in which case 10.702 shares of Eaton stock
Initial price:	$93.44
Protection price:	$74.75, 80% of $93.44
Exchange ratio:	10.702
Pricing date:	June 20
Settlement date:	July 3
Agent:	ABN Amro Inc.
Fees:	1.625%

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