New Issue: ABN Amro prices $1.625 million 10% reverse convertibles linked to Sears Holdings

New York, Aug. 30 - ABN Amro Bank NV priced $1.625 million of 10% reverse convertible notes due Nov. 30, 2007 linked to Sears Holdings Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Sears Holdings stock falls below the protection price, 80% of the initial price of $140.23, during the life of the notes and finishes below the initial price in which case the payout will be 7.131 shares of Sears Holdings stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	Sears Holdings Corp.
Amount:	$1.625 million
Maturity:	Nov. 30, 2007
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Sears Holdings stock falls below the protection price, 80% of the initial price, and finishes below the initial price, in which case 7.131 shares of Sears Holdings stock.
Initial price:	$140.23
Exchange ratio:	7.131
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agent:	ABN Amro Inc.
Agent fee:	1.375%

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