ABN AMRO Bank N.V. Reverse
Exchangeable Securities
S-NOTESSM
|
Preliminary Pricing
Sheet – April 3,
2008
|
SIXTEEN
OFFERINGS OF
KNOCK-IN REXSM
SECURITIES
DUE JULY 31,
2008
|
OFFERING
PERIOD: APRIL 3, 2008 – APRIL 25,
2008
|
SUMMARY
INFORMATION
|
|||||||
Issuer:
|
ABN AMRO Bank N.V. (Senior Long
Term Debt Rating: Moody’s Aa2, S&P
AA-)
|
||||||
Lead Agent:
|
ABN AMRO
Incorporated
|
||||||
Offerings:
|
This prospectus relates to sixteen
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 sixteen 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 three
months.
|
||||||
Interest Payment
Dates:
|
Interest on the Securities is
payable monthly in arrears on the last day of each month starting on
May 31, 2008 and ending on the
Maturity Date.
|
||||||
Underlying
Stock
|
Ticker
|
Coupon Rate Per
Annum*
|
Interest
Rate
|
Put Premium
|
Knock-in
Level
|
CUSIP
|
ISIN
|
Alcoa Inc.
|
AA
|
18.00%
|
2.60%
|
15.40%
|
80%
|
00083GKP8
|
US00083GKP80
|
Deere &
Company
|
DE
|
15.00%
|
2.60%
|
12.40%
|
80%
|
00083GKQ6
|
US00083GKQ63
|
Sears Holding
Corporation
|
SHLD
|
14.50%
|
2.60%
|
11.90%
|
70%
|
00083GKR4
|
US00083GKR47
|
Cemex
Corporation**
|
CX
|
14.25%
|
2.60%
|
11.65%
|
80%
|
00083GKS2
|
US00083GKS20
|
CSX
Corporation
|
CSX
|
13.60%
|
2.60%
|
11.00%
|
80%
|
00083GKT0
|
US00083GKT03
|
Freeport-McMoRan Copper & Gold
Inc.
|
FCX
|
13.50%
|
2.60%
|
10.90%
|
70%
|
00083GKU7
|
US00083GKU75
|
Apple Inc.
|
AAPL
|
13.25%
|
2.60%
|
9.90%
|
75%
|
00083GKX1
|
US00083GKX15
|
Dean Foods
Company
|
DF
|
12.75%
|
2.60%
|
10.15%
|
80%
|
00083GKV5
|
US00083GKV58
|
Archer-Daniels-Midland
Company
|
ADM
|
12.60%
|
2.60%
|
10.00%
|
80%
|
00083GKW3
|
US00083GKW32
|
Valero Energy
Corporation
|
VLO
|
11.50%
|
2.60%
|
8.90%
|
75%
|
00083GKY9
|
US00083GKY97
|
BJ Services
Company
|
BJS
|
11.25%
|
2.60%
|
8.65%
|
80%
|
00083GLA0
|
US00083GLA03
|
Arch Coal,
Inc.
|
ACI
|
10.50%
|
2.60%
|
7.40%
|
65%
|
00083GLD4
|
US00083GLD42
|
Schlumberger N.V. (Schlumberger
Limited)
|
SLB
|
10.50%
|
2.60%
|
7.90%
|
80%
|
00083GLB8
|
US00083GLB85
|
Cummins
Inc.
|
CMI
|
10.25%
|
2.60%
|
7.65%
|
70%
|
00083GLC6
|
US00083GLC68
|
Intel
Corporation
|
INTC
|
10.00%
|
2.60%
|
7.40%
|
80%
|
00083GLE2
|
US00083GLE25
|
The Hartford Financial Services Group,
Inc.
|
HIG
|
8.50%
|
2.60%
|
5.90%
|
80%
|
00083GLF9
|
US00083GLF99
|
*The Securities have a term of
three months, so you will receive a pro rata amount of this per
annum rate based on such
three-month period.
|
|||||||
Denomination/Principal:
|
$1,000
|
||||||
Issue
Price:
|
100%
|
||||||
Payment at
Maturity:
|
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
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.
|
|
Initial
Price:
|
100% of the Closing Price of the
applicable Underlying Stock on the Pricing Date.
|
Stock Redemption
Amount:
|
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.
|
Knock-In
Level:
|
A percentage of the applicable
Initial Price as set forth in the table above.
|
Indicative Secondary
Pricing:
|
• Internet at: www.s-notes.com
• Bloomberg at: REXS2
<GO>
|
Status:
|
Unsecured, unsubordinated
obligations of the Issuer
|
Trustee:
|
Wilmington Trust
Company
|
Securities
Administrator:
|
Citibank,
N.A.
|
Settlement:
|
DTC, Book Entry,
Transferable
|
Selling
Restrictions:
|
Sales in the European Union must
comply with the Prospectus Directive
|
Proposed Pricing
Date:
|
April 25, 2008 subject to certain
adjustments as described in the related pricing
supplement
|
Proposed Settlement
Date:
|
April 30,
2008
|
Determination
Date:
|
July 28, 2008 subject to certain
adjustments as described in the related pricing
supplement
|
Maturity
Date:
|
July 31, 2008 (Three
Months)
|
•
|
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.
|
•
|
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:
|
•
|
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
|
•
|
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.
|