ABN Amro to price 13.1% reverse exchangeables linked to Wal-Mart

By Angela McDaniels

Tacoma, Wash., Oct. 15 - ABN Amro Bank NV plans to price Knock-in Reverse Exchangeable Securities due Jan. 30, 2009 linked to the common stock of Wal-Mart Stores, Inc., according to an FWP filing with the Securities and Exchange Commission.

The three-month notes will pay 3.275% for an annualized coupon of 13.1%. Interest will be payable monthly.

The payout at maturity will be par unless Wal-Mart stock falls by more than 20% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Wal-Mart shares equal to $1,000 divided by the initial share price.

The notes are expected to price on Oct. 28 and settle on Oct. 31.

ABN Amro Inc. will be the agent.

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