New Issue: ABN Amro prices $2.5 million 14% reverse convertibles linked to Peabody Energy

New York, July 10 - ABN Amro Bank NV priced $2.5 million of 14% reverse convertible notes due Jan. 11, 2008 linked to Peabody Energy Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Peabody Energy stock falls below the protection price of $37.50, 75% of the initial price of $50.00, during the life of the notes and finishes below the initial price in which case the payout will be 20.000 shares of Peabody Energy stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Reverse convertible notes
Underlying stock:	Peabody Energy Corp.
Amount:	$2.5 million
Maturity:	Jan. 11, 2008
Coupon:	14%, payable monthly
Price:	Par
Payout at maturity:	Par in cash if Peabody Energy stock stays at or above the protection price of $37.50 and finishes at or above the initial price; otherwise 20.000 shares of Peabody Energy stock
Initial price:	$50.00
Protection price:	$37.50, 75% of $50.00
Exchange ratio:	20.000
Pricing date:	July 6
Settlement date:	July 12
Agent:	ABN Amro Inc.
Agent fee:	1.75%

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