New Issue: ABN Amro prices $0.225 million 24.5% reverse convertibles linked to Delta Air

New York, Sept. 26 - ABN Amro Bank NV priced $0.225 million of 24.5% Knock-In Reverse Exchangeable notes due March 27, 2008 linked to Delta Air Lines, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Delta Air stock falls below the protection price, 80% of the initial price of $16.03, during the life of the notes and finishes below the initial price in which case the payout will be 62.383 shares of Delta Air stock.

LaSalle Financial Services is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Delta Air Lines, Inc.
Amount:	$0.225 million
Maturity:	March 27, 2008
Coupon:	24.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Delta Air stock falls below the protection price, 80% of the initial price, and finishes below the initial price, in which case 62.383 shares of Delta Air stock.
Initial price:	$16.03
Exchange ratio:	62.383
Pricing date:	Sept. 24
Settlement date:	Sept. 27
Agent:	LaSalle Financial Services
Agent fee:	2.25%

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