New Issue: ABN Amro prices $850,000 29.25% Knock-In Reverse Exchangeables linked to MBIA

By Jennifer Chiou

New York, Dec. 7 - ABN Amro Bank NV priced $850,000 of 29.25% Knock-In Reverse Exchangeable notes due Dec. 11, 2008 linked to MBIA Inc. stock, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless MBIA stock falls below the protection price of $17.90, 60% of the initial price of $29.84, during the life of the notes and finishes below the initial price in which case the payout will be 33.512 shares of MBIA stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	MBIA Inc.
Amount:	$850,000
Maturity:	Dec. 11, 2008
Coupon:	29.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless MBIA stock falls below the protection price of $17.90, 60% of the initial price, and finishes below the initial price, in which case 33.512 shares of MBIA stock.
Initial price:	$29.84
Protection price:	$17.90, 60% of $29.84
Exchange ratio:	33.512
Pricing date:	Dec. 6
Settlement date:	Dec. 11
Agent:	ABN Amro Inc.

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