New Issue: ABN Amro prices $2.6 million 11.2% reverse convertibles linked to Apple

New York, May 30 - ABN Amro Bank NV priced $2.6 million of 11.2% Knock-In Reverse Exchangeable notes due Nov. 28, 2008 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Apple shares fall below the protection price of $130.50, 70% of the initial price of $186.43, during the life of the notes and finishes below the initial price in which case the payout will be 5.364shares of Apple stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Apple Inc. (Symbol: AAPL)
Amount:	$2.6 million
Maturity:	Nov. 28, 2008
Coupon:	11.2%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Apple stock falls below the protection price of $130.50, 70% of the initial price, and finishes below the initial price, in which case 5.364 shares of Apple stock
Initial price:	$186.43
Protection price:	$130.50, 70% of $186.43
Exchange ratio:	5.364
Pricing date:	May 27
Settlement date:	May 30
Agent:	ABN Amro Inc.
Fees:	1.75%

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