ABN Amro plans 17.45% reverse exchangeables linked to Blackstone

By Jennifer Chiou

New York, Feb. 6 - ABN Amro Bank NV plans to price 17.45% annualized Knock-in Reverse Exchangeable Securities S-Notes due May 30, 2008 linked to the common stock of Blackstone Group LP, according to a term sheet.

Interest will be payable monthly.

The payout at maturity will be par unless Blackstone stock falls below the knock-in price - 75% of 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 Blackstone shares equal to $1,000 divided by the initial share price.

The notes are expected to price on Feb. 26 and settle on Feb. 29.

ABN Amro Inc. will be the agent. LaSalle Financial Services, Inc. is the distributor.

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