New Issue: ABN Amro prices $2.6 million 25.5% knock-in notes linked to Overstock.com via LaSalle

By Angela McDaniels

Seattle, March 27 - ABN Amro Bank NV priced a $2.6 million issue of Knock-In Reverse Exchangeable Securities due June 28, 2007 linked to the common stock of Overstock.com, Inc. via LaSalle Financial Services, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The three-month notes will pay 6.375% for an annualized rate of 25.5%. Interest is payable monthly.

The payout at maturity will be par unless Overstock.com stock falls below the knock-in level of $13.42 during the life of the notes and finishes below the initial share price of $17.89, in which case the payout will be a number of Overstock.com shares equal to $1,000 divided by the initial share price.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable Securities
Underlying stock:	Overstock.com, Inc.
Amount:	$2.6 million
Maturity:	June 28, 2007
Coupon:	25.5%, payable monthly
Price:	Par
Payout at maturity:	If Overstock.com stock falls below the knock-in level during the life of the notes and finishes below the initial share price, 55.89715 Overstock.com shares; otherwise, par
Initial share price:	$17.89
Knock-in level:	$13.42, 75% of initial share price
Pricing date:	March 23
Settlement date:	March 28
Agent:	LaSalle Financial Services, Inc.
Agent fees:	1.6%

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