New Issue: ABN Amro sells $50,000 10% Knock-in Reverse Exchangeables linked to Sears

By E. Janene Geiss

Philadelphia, Dec. 27 - ABN Amro Bank NV priced $50,000 of 10% Knock-in Reverse Exchangeable Securities due March 31, 2008 linked to the common shares of Sears Holdings Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If Sears shares fall below the knock-in price - 70% of the initial share price - during the life of the notes and close below the initial share price, investors will receive a number of shares equal to $1,000 divided by the initial share price.

Otherwise, the payout will be par.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Sears Holdings Corp. (Nasdaq: SHLD)
Amount:	$50,000
Maturity:	March 31, 2008
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	If Sears shares fall below the knock-in price during the life of the notes and finish below the initial share price, a number of shares equal to $1,000 divided by the initial share price; otherwise, par
Initial share price:	$102.00
Knock-in price:	$71.40, or 70% of initial share price
Exchange ratio:	9.804 shares, at maturity
Pricing date:	Dec. 21
Settlement date:	Dec. 31
Agent:	ABN Amro Inc.
Fees:	1.375%

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