ABN Amro to issue 12.7% knock-in reverse notes linked to Whole Foods

By Jennifer Chiou

New York, Feb. 13 - ABN Amro Bank NV plans to price an issue of 12.7% Knock-In Reverse Exchangeable Securities due May 31, 2007 linked to the common stock of Whole Foods Market Inc., according to a term sheet from lead agent LaSalle Financial Services, Inc.

Interest will be payable monthly.

The notes will price on Feb. 23 and settle on Feb. 28.

Payout at maturity will be par in cash unless Whole Foods stock falls below the knock-in level - 80% of the initial share price - during the life of the notes and finishes below the initial price, in which case the payout will be a number of Whole Foods shares equal to $1,000 divided by the initial share price.

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