ABN Amro plans 22% Knock-in Reverse Exchangeables linked to Freeport-McMoRan

By Angela McDaniels

Tacoma, Wash., Nov. 2 - ABN Amro Bank NV plans to price 22% Knock-in Reverse Exchangeable Securities due Feb. 29, 2008 linked to the stock of Freeport-McMoRan Copper & Gold Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Freeport-McMoRan stock falls below its knock-in price - 80% of the initial price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of shares equal to $1,000 divided by the initial share price.

The notes are expected to price on Nov. 27 and settle on Nov. 30.

ABN Amro Inc. is the lead agent.

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