ABN Amro plans 10.7% reverse exchangeables linked to Apple

By Susanna Moon

Chicago, June 6 - ABN Amro Bank NV plans to price 10.7% annualized Knock-in Reverse Exchangeable Securities due Sept. 30, 2008 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Apple stock declines by more than 25% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Apple shares equal to $1,000 divided by the initial share price.

The notes will price on June 25 and settle on June 30.

ABN Amro Inc. is the lead agent.

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