New Issue: ABN Amro prices $1.25 million 30% notes linked to Energy Partners

By Jennifer Chiou

New York, March 28 - ABN Amro Bank NV priced a $1.25 million offering of Knock-In Reverse Exchangeable Securities due June 29, 2007 linked to the common stock of Energy Partners, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

The three-month notes will pay 7.5% at maturity for an annualized rate of 30%.

The payout at maturity, in addition to interest, will be par unless Energy Partners stock falls below the knock-in level of $13.00 during the life of the notes and finishes below the initial share price of $18.57, in which case the payout will be a number of Energy Partners 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 Partners, Ltd.
Amount:	$1.25 million
Maturity:	June 29, 2007
Coupon:	30%, payable at maturity
Price:	Par
Payout at maturity:	If Energy Partners stock falls below the knock-in level during the life of the notes and finishes below the initial share price, 53.850 Energy Partners shares; otherwise, par
Initial share price:	$18.57
Knock-in level:	$13.00, 70% of initial share price
Pricing date:	March 26
Settlement date:	March 30
Agent:	ABN Amro Inc.
Agent fees:	1.5%

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