New Issue: ABN Amro sells $1.5 million 11% reverse exchangeables linked to Siebel

New York, Oct. 26 - ABN Amro Bank NV priced $1.5 million of one-year 11% knock-in reverse exchangeable notes linked to Siebel Systems Inc. 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
Underlying stock:	Siebel Systems Inc.
Amount:	$1.5 million
Maturity:	Oct. 26, 2005
Coupon:	11%
Price:	Par
Payout at maturity:	Par in cash if Siebel stock never trades at knock-in level or below, otherwise smaller of par in cash or 105.820 shares of Siebel stock
Knock-in price:	$6.62, 70% of initial price of $9.45
Exchange ratio:	105.820
Exchange price:	$9.45 (initial level of Siebel stock)
Call:	Non-callable
Pricing date:	Oct. 21
Settlement date:	Oct. 26
Lead manager:	ABN Amro Financial Services
Distribution:	Off shelf

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