ABN Amro plans 15% knock-in notes linked to Champion

By E. Janene Geiss

Philadelphia, May 13 - ABN Amro Bank NV plans to price 15% Knock-in Reverse Exchangeable Securities due May 22, 2009 linked to the common stock of Champion Enterprises, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

If Champion stock falls below the knock-in level - 55% of the initial share price - during the life of the securities and finishes below the initial share price, the payout at maturity will be a number of Champion shares equal to par divided by the initial share price.

Otherwise, the payout will be par.

The securities are expected to price on May 20 and settle on May 23.

ABN Amro Inc. is the agent.

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