New Issue: ABN Amro prices $1.95 million 15.5% reverse convertibles linked to Target

New York, Jan. 28 - ABN Amro Bank NV priced $1.95 million of 15.5% Knock-In Reverse Exchangeable notes due April 30, 2009 linked to Target Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Target shares fall below the protection price of $20.00, 60% of the initial price of $33.34, during the life of the notes and finish below the initial price in which case the payout will be 29.994 shares of Target stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Target Corp. (Symbol: TGT)
Amount:	$1.95 million
Maturity:	April 30, 2009
Coupon:	15.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Target shares fall below the protection price of $20.00, 60% of the initial price, and finish below the initial price, in which case 29.994 shares of Target stock
Initial price:	$33.34
Protection price:	$20.00, 60% of $33.34
Exchange ratio:	29.994
Pricing date:	Jan. 27
Settlement date:	Jan. 30
Agent:	ABN Amro Inc.
Fees:	1.375%

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