New Issue: ABN Amro prices $0.19 million 12.85% reverse convertibles linked to General Electric

New York, Dec. 30 - ABN Amro Bank NV priced $0.19 million of 12.85% Knock-In Reverse Exchangeable notes due June 30, 2010 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless General Electric shares fall below the protection price of $12.33, 80% of the initial price of $15.41, during the life of the notes and finish below the initial price in which case the payout will be 64.893 shares of General Electric stock.

RBS Securities Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	General Electric Co. (Symbol: GE)
Amount:	$0.19 million
Maturity:	June 30, 2010
Coupon:	12.85%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless General Electric shares fall below the protection price of $12.33, 80% of the initial price, and finish below the initial price, in which case 64.893 shares of General Electric stock
Initial price:	$15.41
Protection price:	$12.33, 80% of $15.41
Exchange ratio:	64.893
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Agent:	RBS Securities Inc.
Fees:	1.75%

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