ABN Amro plans 10.25% Knock-in Reverse Exchangeables linked to Lehman Brothers

By Jennifer Chiou

New York, June 4 - ABN Amro Bank NV plans to price 10.25% Knock-in Reverse Exchangeable notes due June 6, 2008 linked to Lehman Brothers Holdings Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The pricing date will be June 5 with settlement on June 8.

Payment at maturity will be determined according to the performance of Lehman Brothers Holdings stock. If the stock closes below the knock-in price during the life of the notes and finishes below the initial stock price, investors will receive a number of Lehman Brothers Holdings shares equal to $1,000 divided by the initial stock price. The knock-in price will be 80% of the initial stock price. Otherwise, investors will receive par in cash.

ABN Amro Inc. will be the agent.

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