New Issue: ABN Amro prices $0.243 million 17.25% reverse convertibles linked to Nike

New York, May 28 - ABN Amro Bank NV priced $0.243 million of 17.25% Knock-In Reverse Exchangeable notes due Aug. 31, 2009 linked to Nike, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Nike shares fall below the protection price of $43.34, 80% of the initial price of $54.17, during the life of the notes and finish below the initial price in which case the payout will be 18.460 shares of Nike stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Nike, Inc. (symbol: NKE)
Amount:	$0.243 million
Maturity:	Aug. 31, 2009
Coupon:	17.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Nike shares fall below the protection price of $43.34, 80% of the initial price, and finish below the initial price, in which case 18.460 shares of Nike stock
Initial price:	$54.17
Protection price:	$43.34, 80% of $54.17
Exchange ratio:	18.460
Pricing date:	May 26
Settlement date:	May 29
Agent:	ABN Amro Inc.
Fees:	1.375%

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