ABN AMRO Bank N.V. Reverse
Exchangeable Securities
S-NOTESSM |
Preliminary
Pricing Sheet – June 6, 2008
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TWENTY OFFERINGS OF KNOCK-IN REXSM
SECURITIES
DUE DECEMBER 31,
2008
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OFFERING
PERIOD: JUNE 6, 2008 – JUNE 25,
2008
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SUMMARY
INFORMATION
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Issuer:
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ABN AMRO Bank N.V. (Senior Long
Term Debt Rating: Moody’s Aa2, S&P
AA-)
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Lead Agent:
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ABN AMRO
Incorporated
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Offerings:
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This prospectus relates to twenty
separate offerings of securities (“the Securities”). Each Security offered is linked
to one, and only one, Underlying Stock. The Underlying Stocks are set
forth in the table below. You may participate in any of the twenty
Securities offerings or, at your election, in two or more of the
offerings. This prospectus does not, however, allow
you to purchase a Security linked to a basket of some or all of the
Underlying Stocks described below. Each Security has a term of
six months.
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Interest Payment
Dates:
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Interest on the Securities is
payable monthly in arrears on the last day of each month
starting on July 31, 2008 and ending on the Maturity
Date.
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Underlying
Stock
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Ticker
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Coupon Rate
Per Annum*
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Interest
Rate
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Put
Premium
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Knock-in
Level
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CUSIP
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ISIN
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Peabody Energy
Corporation
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BTU
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14.50%
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2.82%
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11.68%
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60%
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00083GTP9
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US00083GTP99
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Jacobs Engineering Group
Inc.
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JEC
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13.00%
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2.82%
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10.18%
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80%
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00083GTQ7
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US00083GTQ72
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United States Steel
Corporation
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X
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12.75%
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2.82%
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9.93%
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65%
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00083GTR5
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US00083GTR55
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Apache
Corporation
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APA
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12.00%
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2.82%
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9.18%
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75%
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00083GTS3
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US00083GTS39
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Parker-Hannifin
Corporation
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PH
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12.00%
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2.82%
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9.18%
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85%
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00083GTT1
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US00083GTT12
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Foster Wheeler
Ltd.
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FWLT
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11.50%
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2.82%
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8.68%
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65%
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00083GTU8
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US00083GTU84
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Owens
Corning
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OC
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11.50%
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2.82%
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8.68%
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80%
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00083GTV6
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US00083GTV67
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Bristol-Myers Squibb
Company
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BMY
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11.00%
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2.82%
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8.18%
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85%
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00083GTW4
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US00083GTW41
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Marvel Entertainment,
Inc.
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MVL
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11.00%
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2.82%
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8.18%
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75%
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00083GTX2
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US00083GTX24
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Cummins
Inc.
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CMI
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10.75%
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2.82%
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7.93%
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65%
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00083GTY0
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US00083GTY07
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Deere &
Company
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DE
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10.75%
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2.82%
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7.93%
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75%
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00083GTZ7
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US00083GTZ71
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Google Inc.
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GOOG
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10.75%
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2.82%
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7.93%
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80%
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00083GUA0
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US00083GUA02
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Union Pacific
Corporation
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UNP
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10.75%
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2.82%
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7.93%
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80%
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00083GUB8
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US00083GUB84
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International Paper
Company
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IP
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10.00%
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2.82%
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7.18%
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80%
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00083GUC6
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US00083GUC67
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Microsoft
Corporation
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MSFT
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10.00%
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2.82%
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7.18%
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85%
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00083GUD4
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US00083GUD41
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Owens-Illinois,
Inc.
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OI
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10.00%
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2.82%
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7.18%
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75%
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00083GUE2
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UA00083GUE24
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Schering-Plough
Corporation
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SGP
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10.00%
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2.82%
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7.18%
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75%
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00083GUF9
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US00083GUF98
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Molson Coors Brewing
Company
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TAP
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10.00%
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2.82%
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7.18%
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85%
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00083GUG7
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US00083GUG71
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Burlington Northern Santa Fe
Corporation
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BNI
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9.50%
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2.82%
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6.68%
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80%
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00083GUH5
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US00083GUH54
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Illinois Tool Works
Inc.
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ITW
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9.50%
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2.82%
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6.68%
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85%
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00083GUJ1
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US00083GUJ11
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*The Securities have a term of six
months, so you will receive a pro rata amount of this per annum rate based
on such six-month period.
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Denomination/Principal:
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$1,000
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Issue
Price:
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100%
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Payment at
Maturity:
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The payment at maturity for each
Security is based on the performance of the Underlying Stock linked to
such Security:
i) If the closing price of the
applicable Underlying Stock on the primary U.S. exchange or market for
such Underlying Stock has not fallen below the applicable Knock-In
Level on any
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trading day from but not including
the Pricing Date to and including the Determination Date, we will pay you
the principal amount of each Security in
cash.
ii) If the closing price of the
applicable Underlying Stock on the primary U.S. exchange or market for
such Underlying Stock has fallen below the applicable Knock-In Level on
any trading day from but not including the Pricing Date to and including the Determination
Date:
a) we will deliver to you a number
of shares of the applicable Underlying Stock equal to the applicable Stock
Redemption Amount, in the event that the closing price of the applicable
Underlying Stock on the Determination Date is below the applicable
Initial Price; or
b) we will pay you the principal
amount of each Security in cash, in the event that the closing price of
the applicable Underlying Stock on the Determination Date is at or above
the applicable Initial Price.
You will receive cash in lieu of
fractional shares. If due to events beyond our reasonable control, as
determined by us in our sole discretion, shares of the Underlying Stock
are not available for delivery at maturity we may pay you, in lieu of the
Stock Redemption Amount, the cash value
of the Stock Redemption Amount, determined by multiplying the Stock
Redemption Amount by the Closing Price of the Underlying Stock on the
Determination Date.
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Initial
Price:
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100% of the Closing Price of the
applicable Underlying Stock on the Pricing Date.
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Stock Redemption
Amount:
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For each $1,000 principal amount of
Security, a number of shares of the applicable Underlying Stock linked to
such Security equal to $1,000 divided by the applicable Initial
Price.
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Knock-In
Level:
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A percentage of the applicable
Initial Price as set forth in the table
above.
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Indicative Secondary
Pricing:
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• Internet at: www.s-notes.com
• Bloomberg at: REXS2
<GO>
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Status:
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Unsecured, unsubordinated
obligations of the Issuer
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Trustee:
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Wilmington Trust
Company
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Securities
Administrator:
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Citibank,
N.A.
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Settlement:
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DTC, Book Entry,
Transferable
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Selling
Restrictions:
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Sales in the European Union must
comply with the Prospectus Directive
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Proposed Pricing
Date:
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June 25, 2008, subject to certain
adjustments as described in the related pricing
supplement
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Proposed Settlement
Date:
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June 30,
2008
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Determination
Date:
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December 26, 2008, subject to
certain adjustments as described in the related pricing
supplement
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Maturity
Date:
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December 31, 2008 (Six
Months)
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•
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If the closing
price of the applicable Underlying Stock on the relevant exchange has not
fallen below the applicable knock-in level on any trading day during the
Knock-in Period, we will pay you the principal amount of each Security in
cash.
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•
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If the closing
price of the applicable Underlying Stock on the relevant exchange has
fallen below the applicable knock-in level on any trading day during the
Knock-in Period, we will
either:
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•
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deliver to you
the applicable stock redemption amount, in exchange for each Security, in
the event that the closing price of the applicable Underlying Stock is
below the applicable initial price on the determination date;
or
|
•
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pay you the
principal amount of each Security in cash, in the event that the closing
price of the applicable Underlying Stock is at or above the applicable
initial price on the determination
date.
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