New Issue: ABN Amro prices $1.5 million 14% reverse convertibles linked to Champion Enterprises

By Susanna Moon

Chicago, Feb. 15 - ABN Amro Bank NV priced $1.5 million of 14% Knock-in Reverse Exchangeable Securities due Feb. 13, 2009 linked to Champion Enterprises, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless Champion stock falls below the protection price - 55% of the initial price - during the life of the notes and finishes below the initial price, in which case investors will receive a number of Champion Enterprises shares equal to $1,000 divided by the initial share price.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Champion Enterprises, Inc. (NYSE: CHB)
Amount:	$1.5 million
Maturity:	Feb. 13, 2009
Coupon:	14%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless the stock falls below the protection price and finishes below the initial price, in which case 111.732 Champion shares
Initial price:	$8.95
Protection price:	$4.92, 55% of initial price
Pricing date:	Feb. 12
Settlement date:	Feb. 15
Agent:	ABN Amro Inc.
Fees:	4.25%

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