New Issue: ABN Amro prices $1.2 million 23% reverse convertibles linked to General Motors

New York, June 24 - ABN Amro Bank NV priced $1.2 million of 23% Knock-In Reverse Exchangeable notes due Dec. 24, 2008 linked to General Motors Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless General Motors shares fall below the protection price of $8.27, 60% of the initial price of $13.79, during the life of the notes and finishes below the initial price in which case the payout will be 72.516 shares of General Motors stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	General Motors Corp. (Symbol: GM)
Amount:	$1.2 million
Maturity:	Dec. 24, 2008
Coupon:	23%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless General Motors stock falls below the protection price of $8.27, 60% of the initial price, and finishes below the initial price, in which case 72.516 shares of General Motors stock
Initial price:	$13.79
Protection price:	$8.27, 60% of $13.79
Exchange ratio:	72.516
Pricing date:	June 20
Settlement date:	June 25
Agent:	ABN Amro Inc.
Fees:	2.25%

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