ABN Amro plans 14.5% Knock-in Reverse Exchangeables linked to Whole Foods Market

By E. Janene Geiss

Philadelphia, Dec. 6 - ABN Amro Bank NV plans to price Knock-in Reverse Exchangeable Securities due March 31, 2008 linked to the common stock of Whole Foods Market, Inc., according to an FWP filing with the Securities and Exchange Commission.

The three-month notes will pay 3.625% for an annualized rate of 14.5%. Interest will be payable monthly.

If the stock falls below the knock-in level - 80% of the initial share price - during the life of the securities and finishes below the initial share price, the payout at maturity will be a number of Whole Foods shares equal to par divided by the initial share price.

Otherwise, the payout will be par.

The securities are expected to price on Dec. 21 and settle on Dec. 31.

ABN Amro Inc. is the lead agent.

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