New Issue: ABN Amro sells $2 million 12% Knock-in Reverse Exchangeables linked to JPMorgan Chase

By E. Janene Geiss

Philadelphia, April 30 - ABN Amro Bank NV priced $2 million of 12% annualized Knock-in Reverse Exchangeable Securities due April 30, 2009 linked to the common shares of JPMorgan Chase & Co., according to a 424B filing with the Securities and Exchange Commission.

If JPMorgan shares fall below the knock-in price - 70% of the initial share price - during the life of the notes and close below the initial share price, investors will receive a number of shares equal to $1,000 divided by the initial share price.

Otherwise, the payout will be par.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	JPMorgan Chase & Co. (NYSE: JPM)
Amount:	$2 million
Maturity:	April 30, 2009
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	If the stock falls below the knock-in price during the life of the notes and finishes below the initial share price, 20.925 JPMorgan shares; otherwise, par
Initial share price:	$47.79
Knock-in price:	$33.45, 70% of initial share price
Pricing date:	April 25
Settlement date:	April 30
Agent:	ABN Amro Inc.
Fees:	2.5%

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