New Issue: ABN sells $1.6 million 10.3% Knock-in Reverse Exchangeables linked to BJ Services

By E. Janene Geiss

Philadelphia, April 9 - ABN Amro Bank NV priced $1.6 million of 10.3% Knock-in Reverse Exchangeable Securities due Oct. 10, 2007 linked to BJ Services Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of BJ Services stock. If the stock trades at or below $21.20, the knock-in price, and closes below the initial price of $28.27 during the life of the notes, investors will receive a number of BJ Services 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.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	BJ Services Co.
Amount:	$1.6 million
Maturity:	Oct. 10, 2007
Coupon:	10.3%, payable monthly
Price:	Par
Payout at maturity:	If BJ Services stock closes below the knock-in price of $21.20 during the life of the notes and finishes below the initial price, 35.373 shares of BJ Services stock; otherwise, par in cash
Initial price:	$28.27
Knock-in price:	$21.20, 75% of initial price
Exchange ratio:	35.373 shares, at maturity
Pricing date:	April 4
Settlement date:	April 10
Agent:	ABN Amro Inc.
Fees:	1.75%
Distribution:	Off shelf

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