New Issue: ABN Amro prices $0.592 million 18.1% reverse convertibles linked to Freeport-McMoRan

New York, June 29 - ABN Amro Bank NV priced $0.592 million of 18.1% Knock-In Reverse Exchangeable notes due Dec. 31, 2009 linked to Freeport-McMoRan Copper & Gold Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Freeport-McMoRan shares fall below the protection price of $30.45, 60% of the initial price of $50.75, during the life of the notes and finish below the initial price in which case the payout will be 19.704 shares of Freeport-McMoRan stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Freeport-McMoRan Copper & Gold Inc. (Symbol: FCX)
Amount:	$0.592 million
Maturity:	Dec. 31, 2009
Coupon:	18.1%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Freeport-McMoRan shares fall below the protection price of $30.45, 60% of the initial price, and finish below the initial price, in which case 19.704 shares of Freeport-McMoRan stock
Initial price:	$50.75
Protection price:	$30.45, 60% of $50.75
Exchange ratio:	19.704
Pricing date:	June 25
Settlement date:	June 30
Agent:	ABN Amro Inc.
Fees:	2.5%

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