ABN AMRO Bank N.V. Reverse
Exchangeable Securities
S-NOTESSM |
Preliminary
Pricing Sheet – September 8, 2008
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FIFTEEN OFFERINGS OF KNOCK-IN REXSM
SECURITIES
DUE MARCH 31,
2009
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OFFERING
PERIOD: SEPTEMBER 8, 2008 – SEPTEMBER 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 fifteen
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 fifteen
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
October 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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United States Steel
Corporation
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X
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15.75%
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3.00%
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12.75%
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60%
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00083GJ62
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US00083GJ624
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Chesapeake
Energy Corporation
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CHK
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13.75%
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3.00%
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10.75%
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65%
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00083GJ70
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US00083GJ707
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Hess
Corporation
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HES
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13.50%
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3.00%
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10.50%
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65%
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00083GJ88
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US00083GJ889
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Intel
Corporation
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INTC
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13.25%
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3.00%
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10.25%
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80%
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00083GJ96
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US00083GJ962
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Visa Inc.
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V
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13.25%
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3.00%
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10.25%
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70%
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00083GK29
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US00083GK291
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MasterCard
Incorporated
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MA
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13.00%
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3.00%
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10.00%
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65%
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00083GL36
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US00083GL364
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The Boeing
Company
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BA
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13.00%
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3.00%
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10.00%
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80%
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00083GK37
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US00083GK374
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Google Inc.
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GOOG
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12.00%
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3.00%
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9.00%
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75%
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00083GK45
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US00083GK457
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Transocean
Inc.
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RIG
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12.00%
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3.00%
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9.00%
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75%
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00083GK52
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US00083GK523
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ConocoPhillips
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COP
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11.50%
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3.00%
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8.50%
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80%
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00083GL44
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US00083GL448
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Chevron
Corporation
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CVX
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11.00%
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3.00%
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8.00%
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85%
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00083GK60
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US00083GK606
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Exxon Mobil
Corporation
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XOM
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10.75%
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3.00%
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7.75%
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85%
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00083GK78
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US00083GK788
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Apple Inc.
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AAPL
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10.50%
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3.00%
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7.50%
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65%
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00083GK94
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US00083GK945
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Microsoft
Corporation
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MSFT
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10.50%
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3.00%
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7.50%
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80%
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00083GK86
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US00083GK861
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Deere &
Company
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DE
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10.00%
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3.00%
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7.00%
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70%
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00083GL28
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US00083GL281
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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 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
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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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September 25, 2008, subject to
certain adjustments as described in the related pricing
supplement
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Proposed Settlement
Date:
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September 30,
2008
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Determination
Date:
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March 26, 2009, subject to certain
adjustments as described in the related pricing
supplement
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Maturity
Date:
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March 31, 2009 (Six
Months)
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