New Issue: ABN Amro prices $0.5 million 12.25% reverse convertibles linked to Wal-Mart

New York, Nov. 19 - ABN Amro Bank NV priced $0.5 million of 12.25% Knock-In Reverse Exchangeable notes due May 20, 2008 linked to Wal-Mart Stores, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Wal-Mart stock falls below the protection price of $36.96, 80% of the initial price of $46.20, during the life of the notes and finishes below the initial price in which case the payout will be 21.645 shares of Wal-Mart stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Wal-Mart Stores, Inc.
Amount:	$0.5 million
Maturity:	May 20, 2008
Coupon:	12.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Wal-Mart stock falls below the protection price of $36.96, 80% of the initial price, and finishes below the initial price, in which case 21.645 shares of Wal-Mart stock.
Initial price:	$46.20
Protection price:	$36.96, 80% of $46.20
Exchange ratio:	21.645
Pricing date:	Nov. 15
Settlement date:	Nov. 20
Agent:	ABN Amro Inc.
Agent fee:	1.25%

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