New Issue: ABN Amro sells $1.05 million 28.5% notes linked to Americredit

By Jennifer Chiou

New York, March 21 - ABN Amro Bank NV priced $1.05 million of Knock-In Reverse Exchangeable Securities due June 22, 2007 linked to Americredit Corp. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

The three-month notes will pay 7.125% for an annualized rate of 28.5%. Interest is payable quarterly.

The payout at maturity will be par unless Americredit falls below the knock-in price of $17.62 during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Americredit shares equal to $1,000 divided by the initial share price.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable Securities
Underlying stock:	Americredit Corp.
Amount:	$1.05 million
Maturity:	June 22, 2007
Coupon:	28.5%, payable quarterly
Price:	Par
Payout at maturity:	45.413 shares of Americredit stock if Americredit shares fall below the knock-in price during the life of the notes and finish below the initial share price; otherwise, par
Initial share price:	$22.02
Knock-in price:	$17.62, 80% of initial price of $22.02
Exchange ratio:	45.413
Pricing date:	March 19
Settlement date:	March 22
Agent:	ABN Amro Inc.
Agent fees:	1.75%

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