New Issue: ABN Amro sells $3.1 million 10% Knock-In Reverse Exchangeables linked to Sears

New York, Aug. 3 - ABN Amro Bank NV priced $3.1 million one-year 10% Knock-In Reverse Exchangeable notes linked to Sears Holding Corp. common stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term notes, series A
Underlying stock:	Sears Holding Corp.
Amount:	$3.1 million
Maturity:	Aug. 3, 2006
Coupon:	10%
Price:	Par
Payout at maturity:	If Sears stock closes below the knock-in price of $108.22 at any time, lower of 6.468 Sears shares and par in cash; otherwise par in cash
Knock-in price:	$108.22 (70% of initial price)
Exchange ratio:	6.468
Exchange price:	$154.60 (closing price of stock on pricing date)
Pricing date:	July 29
Settlement date:	Aug. 3
Underwriters:	ABN Financial Services, Inc., ABN Amro Inc.
Distribution:	Off shelf

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