New Issue: ABN Amro prices $0.062 million 14% reverse convertibles linked to Target

New York, May 15 - ABN Amro Bank NV priced $0.062 million of 14% Knock-In Reverse Exchangeable notes due Nov. 18, 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 $28.33, 70% of the initial price of $40.47, during the life of the notes and finish below the initial price in which case the payout will be 24.710 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:	$0.062 million
Maturity:	Nov. 18, 2009
Coupon:	14%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Target shares fall below the protection price of $28.33, 70% of the initial price, and finish below the initial price, in which case 24.710 shares of Target stock
Initial price:	$40.47
Protection price:	$28.33, 70% of $40.47
Exchange ratio:	24.710
Pricing date:	May 13
Settlement date:	May 18
Agent:	ABN Amro Inc.
Fees:	2.25%

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