New Issue: ABN Amro prices $2.5 million 9.2% reverse convertibles linked to Bank of America

New York, Aug. 8 - ABN Amro Bank NV priced $2.5 million of 9.2% reverse convertible notes due Feb. 8, 2008 linked to Bank of America Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Bank of America stock falls below the protection price of $37.60, 80% of the initial price of $47.00, during the life of the notes and finishes below the initial price in which case the payout will be 21.277 shares of Bank of America stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	Bank of America Corp.
Amount:	$2.5 million
Maturity:	Feb. 8, 2008
Coupon:	9.2%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Bank of America stock falls below the protection price of $37.60, 80% of the initial price, and finishes below the initial price, in which case 21.277 shares of Bank of America stock.
Initial price:	$47.00
Protection price:	$37.60, 80% of $47.00
Exchange ratio:	21.277
Pricing date:	Aug. 3
Settlement date:	Aug. 8
Agent:	ABN Amro Inc.
Agent fee:	3%

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