New Issue: ABN Amro prices $0.1 million 14.5% reverse convertibles linked to Sears Holding

New York, April 29 - ABN Amro Bank NV priced $0.1 million of 14.5% Knock-In Reverse Exchangeable notes due July 31, 2008 linked to Sears Holding Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Sears Holding stock falls below the protection price of $69.83, 70% of the initial price of $99.75, during the life of the notes and finishes below the initial price in which case the payout will be 10.025 shares of Sears Holding stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Sears Holding Corp. (Nasdaq: SHLD)
Amount:	$0.1 million
Maturity:	July 31, 2008
Coupon:	14.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Sears Holding stock falls below the protection price of $69.83, 70% of the initial price, and finishes below the initial price, in which case 10.025 shares of Sears Holding stock
Initial price:	$99.75
Protection price:	$69.83, 70% of $99.75
Exchange ratio:	10.025
Pricing date:	April 25
Settlement date:	April 30
Agent:	ABN Amro Inc.
Fees:	1.375%

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