New Issue: ABN Amro prices $1.2 million 13% reverse convertibles linked to Nasdaq

New York, July 16 - ABN Amro Bank NV priced $1.2 million of 13% Knock-In Reverse Exchangeable notes due July 17, 2009 linked to Nasdaq Stock Market, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Nasdaq shares fall below the protection price of $17.02, 70% of the initial price of $24.31, during the life of the notes and finish below the initial price in which case the payout will be 41.135 shares of Nasdaq stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Nasdaq Stock Market, Inc.
Amount:	$1.2 million
Maturity:	July 17, 2009
Coupon:	13%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Nasdaq shares fall below the protection price of $17.02, 70% of the initial price, and finish below the initial price, in which case 41.135 shares of Nasdaq stock
Initial price:	$24.31
Protection price:	$17.02, 70% of $24.31
Exchange ratio:	41.135
Pricing date:	July 15
Settlement date:	July 18
Agent:	ABN Amro Inc.
Fees:	4.25%

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