New Issue: ABN Amro prices $250,000 10% notes linked to Countrywide

By Angela McDaniels

Seattle, Feb. 28 - ABN Amro Bank NV priced a $250,000 offering of 10% Knock-In Reverse Exchangeable Securities due Feb. 29, 2008 linked to the common stock of Countrywide Financial Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Countrywide stock falls by more than 20% during the life of the securities and finishes below the initial share price of $39.33, in which case the payout will be a number of Countrywide shares equal to $1,000 divided by the initial share price.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable Securities
Underlying stock:	Countrywide Financial Corp.
Amount:	$250,000
Maturity:	Feb. 29, 2008
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	If Countrywide stock falls by more than 20% during the life of the securities and finishes below the initial share price, 25.426 Countrywide shares; otherwise, par
Initial share price:	$39.33
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	ABN Amro Inc.
Agent fees:	2.5%

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