New Issue: ABN Amro sells $1.5 million 11% Knock-In Reverse Exchangeables linked to Ensco

By Jennifer Chiou

New York, April 11 - ABN Amro Bank NV priced $1.5 million of 11% Knock-In Reverse Exchangeable notes due April 12, 2007 linked to Ensco International Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term series A notes
Underlying stock:	Ensco International Inc.
Amount:	$1.5 million
Maturity:	April 12, 2007
Coupon:	11%, payable quarterly
Price:	Par
Payout at maturity:	If Ensco stock closes below the knock-in price of $42.95 at any time, 18.625 shares of Ensco stock; otherwise par in cash
Exchange price:	$53.69 (closing price of stock on pricing date)
Exchange ratio:	18.625 at maturity
Knock-in price:	$42.95 (80% of initial price)
Pricing date:	April 7
Settlement date:	April 12
Lead manager:	LaSalle Financial Services, Inc., ABN Amro Inc.
Distribution:	Off shelf

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