New Issue: ABN Amro prices $0.75 million 17.25% reverse convertibles linked to Keycorp

New York, July 17 - ABN Amro Bank NV priced $0.75 million of 17.25% Knock-In Reverse Exchangeable notes due Jan. 21, 2010 linked to Keycorp shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Keycorp shares fall below the protection price of $3.39, 65% of the initial price of $5.21, during the life of the notes and finish below the initial price in which case the payout will be 191.939 shares of Keycorp stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Keycorp (Symbol: KEY)
Amount:	$0.75 million
Maturity:	Jan. 21, 2010
Coupon:	17.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Keycorp shares fall below the protection price of $3.39, 65% of the initial price, and finish below the initial price, in which case 191.939 shares of Keycorp stock
Initial price:	$5.21
Protection price:	$3.39, 65% of $5.21
Exchange ratio:	191.939
Pricing date:	July 16
Settlement date:	July 21
Agent:	ABN Amro Inc.
Fees:	4.5%

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