New Issue: ABN Amro prices $1.95 million 13.5% reverse convertibles linked to Terex

New York, May 29 - ABN Amro Bank NV priced $1.95 million of 13.5% Knock-In Reverse Exchangeable notes due Aug. 29, 2008 linked to Terex Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Terex shares fall below the protection price of $53.01 75% of the initial price of $70.68, during the life of the notes and finishes below the initial price in which case the payout will be 14.148 shares of Terex stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Terex Corp. (Symbol: TEX)
Amount:	$1.95 million
Maturity:	Aug. 29, 2008
Coupon:	13.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Terex stock falls below the protection price of $53.01, 75% of the initial price, and finishes below the initial price, in which case 14.148 shares of Terex stock
Initial price:	$70.68
Protection price:	$53.01, 75% of $70.68
Exchange ratio:	14.148
Pricing date:	May 23
Settlement date:	May 30
Agent:	ABN Amro Inc.
Fees:	1.625%

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