ABN Amro plans 13% knock-in notes linked to Manitowoc

By E. Janene Geiss

Philadelphia, May 22 - ABN Amro Bank NV plans to price 13% annualized Knock-in Reverse Exchangeable Securities due Aug. 29, 2008 linked to the common stock of the Manitowoc Co., Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

If Manitowoc stock falls below the knock-in level - 75% of the initial share price - during the life of the securities and finishes below the initial share price, the payout at maturity will be a number of Manitowoc shares equal to par divided by the initial share price.

Otherwise, the payout will be par.

The securities are expected to price on May 23 and settle on May 29.

ABN Amro Inc. is the lead agent.

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