New Issue: ABN Amro sells $265,000 11% Knock-in Reverse Exchangeables linked to General Electric

By E. Janene Geiss

Philadelphia, Sept. 21 - ABN Amro Bank NV priced $265,000 of 11% annualized Knock-in Reverse Exchangeable Securities due Dec. 23, 2009 linked to the common stock of General Electric Co., according to a 424B2 filing with the Securities and Exchange Commission.

RBS Securities Inc. is the agent.

Interest is payable monthly.

Investors will receive par at maturity unless General Electric stock falls 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 General Electric shares equal to $1,000 divided by the initial share price.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	General Electric Co. (NYSE: GE)
Amount:	$265,000
Maturity:	Dec. 23, 2009
Coupon:	11%, 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 60.606 GE shares
Initial share price:	$16.50
Knock-in price:	$12.38, 75% of initial price
Pricing date:	Sept. 18
Settlement date:	Sept. 23
Agent:	RBS Securities Inc.
Fees:	1.25%

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