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Published on 9/28/2007 in the Prospect News Structured Products Daily.

New Issue: ABN Amro prices $0.5 million 17.2% reverse convertibles linked to Sirius Satellite

New York, Sept. 28 - ABN Amro Bank NV priced $0.5 million of 17.2% Knock-In Reverse Exchangeable notes due Sept. 26, 2008 linked to Sirius Satellite Radio Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Sirius Satellite stock falls below the protection price, 70% of the initial price of $3.28, during the life of the notes and finishes below the initial price in which case the payout will be 304.878 shares of Sirius Satellite stock.

ABN Amro Inc. is the agent.

Issuer:ABN Amro Bank NV
Issue:Knock-In Reverse Exchangeable notes
Underlying stock:Sirius Satellite Radio Inc.
Amount:$0.5 million
Maturity:Sept. 26, 2008
Coupon:17.2%, payable monthly
Price:Par
Payout at maturity:Par in cash unless Sirius Satellite stock falls below the protection price, 70% of the initial price, and finishes below the initial price, in which case 304.878 shares of Sirius Satellite stock.
Initial price:$3.28
Exchange ratio:304.878
Pricing date:Sept. 25
Settlement date:Sept. 28
Agent:ABN Amro Inc.
Agent fee:2.5%

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