New Issue: ABN Amro prices $0.35 million 17.5% reverse convertibles linked to General Electric

New York, Dec. 22 - ABN Amro Bank NV priced $0.35 million of 17.5% Knock-In Reverse Exchangeable notes due March 24, 2009 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless General Electric shares fall below the protection price of $8.25, 50% of the initial price of $16.50, during the life of the notes and finish below the initial price in which case the payout will be 60.606 shares of General Electric stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	General Electric Co. (Symbol: GE)
Amount:	$0.35 million
Maturity:	March 24, 2009
Coupon:	17.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless General Electric shares fall below the protection price of $8.25, 50% of the initial price, and finish below the initial price, in which case 60.606 shares of General Electric stock
Initial price:	$16.50
Protection price:	$8.25, 50% of $16.50
Exchange ratio:	60.606
Pricing date:	Dec. 19
Settlement date:	Dec. 24
Agent:	ABN Amro Inc.
Fees:	1.375%

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