ABN Amro to price 13.5% reverse exchangeables linked to Monsanto

By Angela McDaniels

Tacoma, Wash., Jan. 12 - ABN Amro Bank NV plans to price Knock-in Reverse Exchangeable Securities due July 31, 2009 linked to the common stock of Monsanto Co., according to an FWP filing with the Securities and Exchange Commission.

The six-month notes will pay 6.75% for an annualized coupon of 13.5%. Interest will be payable monthly.

The payout at maturity will be par unless Monsanto stock falls by more than 40% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Monsanto shares equal to $1,000 divided by the initial share price.

The notes are expected to price Jan. 27 and settle Jan. 30.

ABN Amro Inc. is the lead agent.

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