New Issue: ABN Amro sells $250,000 12.3% reverse convertibles linked to Gold Fields

By Susanna Moon

Chicago, June 5 - ABN Amro Bank NV priced $250,000 of 12.3% Knock-In Reverse Exchangeable notes due Sept. 9, 2009 linked to American Depositary Shares representing Gold Fields Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless the shares fall below the protection price of - 65% of the initial price - during the life of the notes and finish below the initial price in which case investors will receive a number of shares equal to $1,000 divided by the initial share price.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying shares:	Gold Fields Ltd. (NYSE: GFI)
Amount:	$250,000
Maturity:	Sept. 9, 2009
Coupon:	12.3%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless the shares fall below the protection price and finish below the initial price, in which case 78.247 Gold Fields shares
Initial price:	$12.78
Protection price:	$8.31, or 65% of initial price
Exchange ratio:	78.247
Pricing date:	June 4
Settlement date:	June 9
Agent:	ABN Amro Inc.
Fees:	2%

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