New Issue: ABN Amro prices $1.2 million 20% knock-in notes linked to Energy Conversion Devices

By Jennifer Chiou

New York, July 5 - ABN Amro Bank NV priced $1.2 million of 20% annualized Knock-in Reverse Exchangeable Securities due Oct. 5, 2007 linked to the common stock of Energy Conversion Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Energy Conversion Devices stock closes below the knock-in level of $21.73 during the life of the notes and closes below the initial share price of $31.04 on the third trading day prior to maturity, in which case the payout will be a number of Energy Conversion Devices shares equal to $1,000 divided by the initial share price.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Energy Conversion Devices, Inc.
Amount:	$1.2 million
Maturity:	Oct. 5, 2007
Coupon:	20% annualized, payable monthly
Price:	Par
Payout at maturity:	If Energy Conversion Devices stock falls by more than 30% during the life of the notes and finishes below the initial share price, 32.216 Energy Conversion Devices shares; otherwise, par
Initial share price:	$31.04
Knock-in level:	$21.73, 70% of initial share price
Pricing date:	July 2
Settlement date:	July 6
Agent:	ABN Amro Inc.
Fees:	1%

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