New Issue: ABN Amro prices $425,000 14.5% reverse convertibles linked to MGM

New York, Aug. 30 - ABN Amro Bank NV priced $425,000 of 14.5% reverse convertible notes due Feb. 29, 2008 linked to MGM Mirage stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless MGM stock falls below the protection price, 80% of the initial price of $82.40, during the life of the notes and finishes below the initial price in which case the payout will be 12.136 shares of MGM stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	MGM Mirage
Amount:	$425,000
Maturity:	Feb. 29, 2008
Coupon:	14.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless MGM stock falls below the protection price, 80% of the initial price, and finishes below the initial price, in which case 12.136 shares of MGM stock.
Initial price:	$82.40
Exchange ratio:	12.136
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agent:	ABN Amro Inc.
Agent fee:	1.75%

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