New Issue: ABN Amro sells $1.65 million 17% Knock-In Reverse Exchangeables linked to Sirius

By Jennifer Chiou

New York, April 11 - ABN Amro Bank NV priced $1.65 million of 17% (annualized) Knock-In Reverse Exchangeable notes due Jan. 12, 2007 linked to Sirius Satellite Radio Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable senior medium-term series A notes
Underlying stock:	Sirius Satellite Radio Inc.
Amount:	$1.65 million
Maturity:	Jan. 12, 2007
Coupon:	17% (annualized), payable quarterly
Price:	Par
Payout at maturity:	If Sirius Satellite Radio stock closes below the knock-in price of $3.72 at any time, 188.324 shares of Sirius Satellite Radio stock; otherwise par in cash
Exchange ratio:	188.324 at maturity
Exchange price:	$5.31 (closing price of stock on pricing date)
Knock-in price:	$3.72 (70% of initial price)
Pricing date:	April 7
Settlement date:	April 12
Lead manager:	LaSalle Financial Services, Inc., ABN Amro Inc.
Distribution:	Off shelf

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