New Issue: ABN Amro prices $0.15 million 12% reverse convertibles linked to Kellogg

New York, Oct. 30 - ABN Amro Bank NV priced $0.15 million of 12% Knock-In Reverse Exchangeable notes due April 30, 2009 linked to Kellogg Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Kellogg shares fall below the protection price of $40.54, 80% of the initial price of $50.68, during the life of the notes and finish below the initial price in which case the payout will be 19.732 shares of Kellogg stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Kellogg Co. (Symbol: K)
Amount:	$0.15 million
Maturity:	April 30, 2009
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Kellogg shares fall below the protection price of $40.54, 80% of the initial price, and finish below the initial price, in which case 19.732 shares of Kellogg stock
Initial price:	$50.68
Protection price:	$40.54, 80% of $50.68
Exchange ratio:	19.732
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Agent:	ABN Amro Inc.
Fees:	1.75%

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