ABN to sell 13.5% Knock-in Reverse Exchangeables linked to JetBlue

By Jennifer Chiou

New York, May 4 - ABN Amro Bank NV plans to price 13.5% Knock-in Reverse Exchangeable Securities due May 30, 2008 linked to JetBlue Airways Corp. stock, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

Payment at maturity will be determined according to the performance of JetBlue 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 JetBlue shares equal to $1,000 divided by the initial stock price. The knock-in price will be 70% of the initial stock price.

Otherwise, investors will receive par in cash.

The notes will price on May 24 and settle on May 31.

ABN Amro Inc. will be the agent.

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