New Issue: ABN Amro prices $0.1 million 10.1% reverse convertibles linked to Schering-Plough

New York, July 30 - ABN Amro Bank NV priced $0.1 million of 10.1% Knock-In Reverse Exchangeable notes due Oct. 31, 2008 linked to Schering-Plough Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Schering-Plough shares fall below the protection price of $15.46, 80% of the initial price of $19.32, during the life of the notes and finish below the initial price in which case the payout will be 51.760 shares of Schering-Plough stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Schering-Plough Corp. (Symbol: SGP)
Amount:	$0.1 million
Maturity:	Oct. 31, 2008
Coupon:	10.1%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Schering-Plough shares fall below the protection price of $15.46, 80% of the initial price, and finish below the initial price, in which case 51.760 shares of Schering-Plough stock
Initial price:	$19.32
Protection price:	$15.46, 80% of $19.32
Exchange ratio:	51.760
Pricing date:	July 28
Settlement date:	July 31
Agent:	ABN Amro Inc.
Fees:	1.375%

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