New Issue: ABN sells $0.925 million 10.4% knock-in notes linked to Micron Technology

By Jennifer Chiou

New York, April 25 - ABN Amro Bank NV priced $0.925 million of 10.4% annualized Knock-in Reverse Exchangeable Securities due April 25, 2008 linked to Micron Technology, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Micron Technology stock. If the stock falls below $8.952, the knock-in price, during the life of the notes and finishes below $11.19, the initial price, investors will receive a number of Micron Technology shares equal to $1,000 divided by the initial price. The knock-in price is 80% of the initial price.

Otherwise, investors will receive par in cash.

ABM Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Micron Technology, Inc.
Amount:	$0.925 million
Maturity:	April 25, 2008
Coupon:	10.4% annualized, payable monthly
Price:	Par
Payout at maturity:	If Micron Technology stock closes below the knock-in price during the life of the notes and finishes below the initial price, 89.366 shares of Micron Technology stock; otherwise, par in cash
Initial price:	$11.19
Knock-in price:	$8.952, 80% of initial price
Exchange ratio:	89.366 shares, at maturity
Pricing date:	April 20
Settlement date:	April 25
Agent:	ABN Amro Inc.
Fees:	2.75%

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