New Issue: ABN Amro prices $800,000 of 8.8% knock-in notes linked to Verizon

By Laura Lutz

Des Moines, March 28 - ABN Amro Bank NV priced $800,000 of 8.8% Knock-in Reverse Exchangeable Securities due March 10, 2009 linked to the common stock of Verizon Communications, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

If the stock falls below the knock-in level - 75% of the initial price - during the life of the securities and finishes below the initial price, the payout at maturity will be a number of Verizon shares equal to par divided by the initial price.

Otherwise, the payout will be par.

ABN Amro Inc. is the lead agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Verizon Communications, Inc. (Symbol: VZ)
Amount:	$800,000
Maturity:	March 10, 2009
Coupon:	8.8%, payable monthly
Price:	Par
Payout at maturity:	If the stock falls below knock-in level during life of securities and finishes below initial price, Verizon shares equal to par divided by initial price; otherwise, par
Initial price:	$37.96
Knock-in price:	$28.47, 75% of initial price
Pricing date:	March 5
Settlement date:	March 10
Agent:	ABN Amro Inc.

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