New Issue: ABN Amro sells $3 million 16% Knock-in Reverse Exchangeables linked to Komag

By Jennifer Chiou

New York, May 2 - ABN Amro Bank NV priced $3 million of 16% annualized Knock-in Reverse Exchangeable Securities due Aug. 3, 2007 linked to Komag, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Komag stock. If the stock trades at or below $22.33, the knock-in price, and closes below $27.91, the initial price, during the life of the notes, investors will receive a number of Komag shares equal to $1,000 divided by the initial stock price. The knock-in price is 80% of the initial price.

Otherwise, investors will receive par in cash.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Komag, Inc.
Amount:	$3 million
Maturity:	Aug. 3, 2007
Coupon:	16%, payable monthly
Price:	Par
Payout at maturity:	If Komag stock closes below the knock-in price of $22.33 during the life of the notes and finishes below the initial price, 35.829 shares of Komag stock; otherwise, par in cash
Initial price:	$27.91
Knock-in price:	$22.33, 80% of initial price
Exchange ratio:	35.829 shares, at maturity
Pricing date:	April 27
Settlement date:	May 4
Agent:	ABN Amro Inc.
Fees:	1.5%
Distribution:	Off shelf

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