ABN Amro plans 17% Knock-in Reverse Exchangeables linked to Evergreen Solar

By Jennifer Chiou

New York, June 5 - ABN Amro Bank NV plans to price 17% annualized Knock-in Reverse Exchangeable Securities S-Notes due Dec. 27, 2007 linked to Evergreen Solar Inc. stock, according to a term sheet.

Payment at maturity will be determined according to the performance of Evergreen Solar stock. If the stock closes below the knock-in price during the life of the notes and finishes below the initial stock price, investors will receive a number of Evergreen Solar shares equal to $1,000 divided by the initial stock price. The knock-in price will be 70% of the initial stock price.

Otherwise, investors will receive par in cash.

The notes will price on June 22 and settle on June 27.

LaSalle Financial Services, Inc. will be the agent.

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