New Issue: ABN Amro prices $2.725 million 12.7% knock-in notes linked to Whole Foods via LaSalle

By Angela McDaniels

Seattle, Feb. 27 - ABN Amro Bank NV priced a $2.725 million offering of Knock-In Reverse Exchangeable Securities due May 31, 2007 linked to the common stock of Whole Foods Market, Inc. via LaSalle Financial Services, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The three-month securities will pay 3.175% for an annualized rate of 12.7%. Interest is payable monthly.

The payout at maturity will be par unless Whole Foods stock falls by more than 20% during the life of the securities and finishes below the initial share price of $50.47, in which case the payout will be a number of Whole Foods shares equal to $1,000 divided by the initial share price.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable Securities
Underlying stock:	Whole Foods Market, Inc.
Amount:	$2.725 million
Maturity:	May 31, 2007
Coupon:	12.7%, payable monthly
Price:	Par
Payout at maturity:	If Whole Foods stock falls by more than 10% during the life of the securities and finishes below the initial share price, 19.814 Whole Foods shares; otherwise, par
Initial share price:	$50.47
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	LaSalle Financial Services Inc.
Agent fees:	1.6%

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