New Issue: ABN Amro prices $5.475 million 16.2% reverse convertibles linked to Apple

New York, Aug. 30 - ABN Amro Bank NV priced $5.475 million of 16.2% reverse convertible notes due Nov. 30, 2007 linked to Apple Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Apple stock falls below the protection price, 80% of the initial price of $126.82, during the life of the notes and finishes below the initial price in which case the payout will be 7.855 shares of Apple stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	Apple Inc.
Amount:	$5.475 million
Maturity:	Nov. 30, 2007
Coupon:	16.2%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Apple stock falls below the protection price, 80% of the initial price, and finishes below the initial price, in which case 7.855 shares of Apple stock.
Initial price:	$126.82
Exchange ratio:	7.855
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agent:	ABN Amro Inc.
Agent fee:	1.375%

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