New Issue: ABN Amro sells $300,000 12.5% Knock-in Reverse Exchangeables on Alcoa

By Susanna Moon

Chicago, Jan. 19 - ABN Amro Bank NV priced $300,000 of 12.5% annualized Knock-in Reverse Exchangeable Securities due July 21, 2010 based on the performance of Alcoa Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Investors will receive par at maturity unless Alcoa stock falls by more than 25% compared to the initial share price during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Alcoa shares equal to $1,000 divided by the initial share price.

RBS Securities Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Alcoa Inc. (Symbol: AA)
Amount:	$300,000
Maturity:	July 21, 2010
Coupon:	12.5%, payable monthly
Price:	Par
Payout at maturity:	Par unless the stock price dips below the knock-in price during the life of the notes and finishes below the initial price, in which case 63.98 Alcoa shares
Initial share price:	$15.63
Knock-in price:	$11.72, or 75% of initial price
Pricing date:	Jan. 15
Settlement date:	Jan. 21
Agent:	RBS Securities Inc.
Fees:	2.75%
Cusip:	00083JPL6

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