ABN Amro to price 12.5% reverse exchangeables linked to Canadian Natural Resources

By Angela McDaniels

Tacoma, Wash., March 6 - ABN Amro Bank NV plans to price Knock-in Reverse Exchangeable Securities due Sept. 30, 2008 linked to the common stock of Canadian Natural Resources Ltd., according to an FWP filing with the Securities and Exchange Commission.

The six-month notes will pay 6.25% for an annualized rate of 12.5%. Interest will be payable monthly.

The payout at maturity will be par unless Canadian Natural Resources stock falls below the knock-in price - 75% of the initial share price - during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of Canadian Natural Resources shares equal to $1,000 divided by the initial share price.

The notes are expected to price on March 26 and settle on March 31.

ABN Amro Inc. will be the lead agent.

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