New Issue: ABN Amro prices $3 million 19.5% reverse convertibles linked to Lehman Brothers

New York, Sept. 26 - ABN Amro Bank NV priced $3 million of 19.5% Knock-In Reverse Exchangeable notes due March 27, 2008 linked to Lehman Brothers Holdings, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Lehman Brothers stock falls below the protection price, 80% of the initial price of $61.13, during the life of the notes and finishes below the initial price in which case the payout will be 16.359 shares of Lehman Brothers stock.

LaSalle Financial Services is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Lehman Brothers Holdings, Inc.
Amount:	$3 million
Maturity:	March 27, 2008
Coupon:	19.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Lehman Brothers stock falls below the protection price, 80% of the initial price, and finishes below the initial price, in which case 16.359 shares of Lehman Brothers stock.
Initial price:	$61.13
Exchange ratio:	16.359
Pricing date:	Sept. 24
Settlement date:	Sept. 27
Agent:	LaSalle Financial Services
Agent fee:	2.25%

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