ABN Amro to issue auto-callable knock-in triple exchangeables linked to Coach, Tiffany, Polo

By Jennifer Chiou

New York, Jan. 5 - ABN Amro Bank NV plans to price 0% auto-callable knock-in reverse triple exchangeable securities due Jan. 31, 2008 linked to the stocks of Coach, Inc., Tiffany & Co. and Polo Ralph Lauren Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will price on Jan. 26 and settle on Jan. 31.

The securities will be subject to early redemption if the stocks close above their initial price on any of three early redemption dates. Investors will receive 108% if the securities are redeemed on April 26, 116% if redeemed on July 26, 2007 and 124% if redeemed on Oct. 26, 2007.

If not redeemed earlier, payout at maturity will be 132% if each of the stocks finishes above the initial price. Otherwise, investors will receive par in cash unless any of the stocks falls below the knock-in level - 85% of the initial share price - during the life of the securities and finishes below the initial price, in which case the payout will be a number of shares equal to $1,000 divided by the initial share price of the worst performing stock.

ABN Amro will be the agent for the offering.

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