ABN Amro plans issue of 15% Knock-in Reverse Exchangeables linked to SanDisk

By Jennifer Chiou

New York, July 19 - ABN Amro Bank NV plans to price an issue of 15% Knock-in Reverse Exchangeable notes due Aug. 2, 2007 linked to SanDisk Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The proposed pricing date is July 28, and the proposed settlement date is Aug. 2.

Payment at maturity will be determined according to the performance of SanDisk stock. If the stock trades at or below the knock-in price and closes below the initial price, investors will receive a number of SanDisk shares equal to $1,000 divided by the initial stock price. The knock-in price will be 60% of the initial price. Otherwise, investors will receive par in cash.

LaSalle Financial Services Inc. and ABN Amro Inc. will be the agents.

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