ABN Amro plans issue of 9% Knock-In Reverse Exchangeables linked to Starbucks

By Jennifer Chiou

New York, May 24 - ABN Amro Bank NV plans to price an issue of 9% Knock-In Reverse Exchangeable notes due June 7, 2007 linked to Starbucks Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The proposed pricing date is June 2, and settlement is expected on June 7.

Payment at maturity will be based on the performance of Starbucks stock:

• If the stock trades at or below the knock-in price and closes below the initial price, investors will receive a number of Starbucks shares equal to $1,000 divided by the initial stock price. The knock-in price will be 80% of the initial price;

• Otherwise the payout is par in cash.

LaSalle Financial Services Inc. and ABN Amro Inc. will be managers.

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