ABN Amro plans 10.25% knock-in reverse exchangeables linked to Abercrombie

By Susanna Moon

Chicago, Oct. 2 - ABN Amro Bank NV plans to price 10.25% Knock-in Reverse Exchangeable Securities due Oct. 31, 2008 linked to the stock of Abercrombie & Fitch Co., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the stock falls below its knock-in price - 70% of the initial price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Abercrombie shares equal to $1,000 divided by the initial share price.

The notes are expected to price on Oct. 26 and settle on Oct. 31.

ABN Amro, Inc. is the lead agent.

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