New Issue: ABN Amro sells $4.75 million of 10.5% reverse exchangeables linked to Whole Foods

By Laura Lutz

Washington, Nov. 29 - ABN Amro Bank NV priced $4.75 million of 10.5% Knock In Reverse Exchangeable notes due Nov. 30, 2007 linked to Whole Foods Market, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Whole Foods stock. If the stock trades at or below $36.0375, the knock-in price, and closes below $48.05, the initial price, between Nov. 27, 2006 and Nov. 27, 2007, investors will receive a number of Whole Foods shares equal to $1,000 divided by the initial stock price. The knock-in price is 75% of the initial price. Otherwise, investors will receive par in cash.

Issuer:	ABN Amro Bank NV
Issue:	Knock In Reverse Exchangeable notes
Underlying stock:	Whole Foods Market, Inc.
Amount:	$4.75 million
Maturity:	Nov. 30, 2007
Coupon:	10.5%, payable monthly
Price:	Par
Payout at maturity:	If Whole Foods stock closes below the knock-in price of $36.0375 during the life of the notes and finishes below the initial price, 20.812 shares of Whole Foods stock; otherwise par in cash
Initial price:	$48.05
Knock-in price:	$36.0375, 75% of initial price
Exchange ratio:	20.812
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agent:	ABN Amro Inc.
Agent's fee:	2.5%
Distribution:	Off shelf

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