ABN Amro to price 28.75% reverse exchangeables linked to Mosaic

By Angela McDaniels

Tacoma, Wash., May 5 - ABN Amro Bank NV plans to price Knock-in Reverse Exchangeable Securities due Nov. 12, 2008 linked to the common stock of Mosaic Co., according to a 424B2 filing with the Securities and Exchange Commission.

The six-month notes will pay 14.375% for an annualized coupon of 28.75. Interest will be payable monthly.

The payout at maturity will be par unless Mosaic stock closes below the knock-in price - 70% 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 Mosaic shares equal to $1,000 divided by the initial share price.

The notes will price on May 7 and settle on May 12.

ABN Amro Inc. will be the agent.

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