New Issue: ABN sells $5.4 million 10.5% knock-in notes linked to General Motors

By E. Janene Geiss

Philadelphia, April 27 - ABN Amro Bank NV priced $5.4 million of 10.5% Knock-in Reverse Exchangeable Securities due April 30, 2008 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 falls below $18.64, the knock-in price, during the life of the notes and finishes below $31.07, the initial price, investors will receive a number of General Motors shares equal to $1,000 divided by the initial price. The knock-in price is 60% of the initial price.

Otherwise, investors will receive par in cash.

ABM Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	General Motors Corp.
Amount:	$5.4 million
Maturity:	April 30, 2008
Coupon:	10.5% annualized, payable monthly
Price:	Par
Payout at maturity:	If General Motors stock closes below the knock-in price of $18.64 during the life of the notes and finishes below the initial price, 32.185 shares of General Motors stock; otherwise, par in cash
Initial price:	$31.07
Knock-in price:	$18.64, 60% of initial price
Exchange ratio:	32.185 shares, at maturity
Pricing date:	April 25
Settlement date:	April 30
Agent:	ABN Amro Inc.
Agent fees:	2.5%

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