New Issue: ABN Amro sells $5.6 million 17.5% reverse exchangeables linked to GM

By Jennifer Chiou

New York, March 27 - ABN Amro Bank NV priced $5.6 million of 17.5% Knock-In Reverse Exchangeable notes due Sept. 28, 2007 linked to General Motors Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of General Motors stock. If the stock trades at or below $25.592, the knock-in price, and closes below $31.99, the initial price, between March 23, 2007 and Sept. 25, 2007, investors will receive a number of General Motors shares equal to $1,000 divided by the initial stock price. Otherwise, investors will receive par in cash.

The knock-in price is 80% of the initial price.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	General Motors Corp.
Amount:	$5.6 million
Maturity:	Sept. 28, 2007
Coupon:	17.5%, payable monthly
Price:	Par
Payout at maturity:	If General Motors stock closes below the knock-in price during the life of the notes and finishes below the initial price, 31.26 shares of General Motors stock; otherwise par in cash
Initial price:	$31.99
Knock-in price:	$25.592, 80% of the initial price
Exchange ratio:	31.26
Pricing date:	March 23
Settlement date:	March 28
Agent:	ABN Amro Inc.
Agent fees:	2%

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