New Issue: ABN Amro prices $1.2 million 14.65% reverse convertibles linked to Tesoro

New York, July 13 - ABN Amro Bank NV priced $1.2 million of 14.65% reverse convertible notes due Dec. 28, 2007 linked to Tesoro Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Tesoro stock falls below the protection price, 70% of the initial price of $60.20, during the life of the notes and finishes below the initial price in which case the payout will be 16.611 shares of Tesoro stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	Tesoro Corp.
Amount:	$1.2 million
Maturity:	Dec. 28, 2007
Coupon:	14.65%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Tesoro stock falls below the protection price, 70% of the initial price, and finishes below the initial price, in which case 16.611 shares of Tesoro stock
Initial price:	$60.20
Exchange ratio:	16.611
Pricing date:	July 11
Settlement date:	July 16
Agent:	ABN Amro Inc.
Agent fee:	1.55%

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