ABN AMRO BANK N.V. DATED 13 OCTOBER ,000,000 AEX INDEX TURBO SHORT CERTIFICATES ISSUE PRICE EUR 1.72

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1 DATED 13 OCTOBER 2014 ABN AMRO BANK N.V. 1,000,000 AEX INDEX TURBO SHORT CERTIFICATES ISSUE PRICE EUR ,000,000 AEX INDEX TURBO SHORT CERTIFICATES ISSUE PRICE EUR ,000,000 AEX INDEX TURBO SHORT CERTIFICATES ISSUE PRICE EUR ,000 CAC40 INDEX TURBO SHORT CERTIFICATES ISSUE PRICE EUR ,000 DAX (PERFORMANCE INDEX) TURBO SHORT CERTIFICATES ISSUE PRICE EUR ,000 DAX (PERFORMANCE INDEX) TURBO SHORT CERTIFICATES ISSUE PRICE EUR ,000 DOW JONES INDUSTRIAL AVERAGE INDEX TURBO SHORT CERTIFICATES ISSUE PRICE EUR ,000 EURO STOXX 50 INDEX TURBO SHORT CERTIFICATES ISSUE PRICE EUR ,000 HANG SENG CHINA ENTERPRISES INDEX TURBO SHORT CERTIFICATES ISSUE PRICE EUR

2 500,000 S&P 500 TURBO SHORT CERTIFICATES ISSUE PRICE EUR 1.01 THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED ( SECURITIES ACT ) AND THE SECURITIES MAY NOT BE EXERCISED, OFFERED, SOLD, TRANSFERRED OR DELIVERED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT. FURTHERMORE, TRADING IN THE SECURITIES HAS NOT BEEN APPROVED BY THE UNITED STATES COMMODITY FUTURES TRADING COMMISSION UNDER THE UNITED STATES COMMODITY EXCHANGE ACT, AS AMENDED AND NO U.S. PERSON MAY AT ANY TIME TRADE OR MAINTAIN A POSITION IN THE SECURITIES. ANY PERSON MAKING OR INTENDING TO MAKE AN OFFER OF THE SECURITIES MAY ONLY DO SO: (i) (ii) IN THOSE NON-EXEMPT OFFER JURISDICTIONS MENTIONED IN THE APPLICABLE FINAL TERMS, PROVIDED SUCH PERSON IS A DEALER OR AUTHORISED OFFEROR (AS SUCH TERM IS DEFINED IN THE BASE PROSPECTUS) AND THAT THE OFFER IS MADE DURING THE OFFER PERIOD SPECIFIED IN THE APPLICABLE FINAL TERMS AND THAT ANY CONDITIONS RELEVANT TO THE USE OF THE BASE PROSPECTUS ARE COMPLIED WITH; OR OTHERWISE IN CIRCUMSTANCES IN WHICH NO OBLIGATION ARISES FOR THE ISSUER OR ANY DEALER TO PUBLISH A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS DIRECTIVE OR TO SUPPLEMENT A PROSPECTUS PURSUANT TO ARTICLE 16 OF THE PROSPECTUS DIRECTIVE, IN EACH CASE, IN RELATION TO SUCH OFFER. NEITHER THE ISSUER NOR ANY DEALER HAS AUTHORISED, NOR DO THEY AUTHORISE, THE MAKING OF ANY OFFER OF SECURITIES IN ANY OTHER CIRCUMSTANCES 2

3 FINAL TERMS Terms used herein shall be deemed to be defined as such for the purposes of the General Conditions and the Product Conditions applicable to each Series of Turbo certificates described herein (the "relevant Product Conditions") as set forth in the Base Prospectus relating to Turbos dated 30 June 2014 (the "Base Prospectus") as supplemented from time to time which constitutes a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). This document constitutes the Final Terms of each Series of the Turbo certificates described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Base Prospectus as so supplemented. Full information on the Issuer and each Series of the Turbo certificates described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus as so supplemented. The Base Prospectus as so supplemented is available for viewing at the registered office of the Issuer at Gustav Mahlerlaan 10, 1082 PP Amsterdam, The Netherlands and copies may be obtained free of charge from the Issuer at that address and on These Final Terms must be read in conjunction with, and are subject to, the General Conditions and the relevant Product Conditions contained in the Base Prospectus as so supplemented. These Final Terms, the relevant Product Conditions and the General Conditions together constitute the Conditions of each Series of the Turbo certificates described herein and will be attached to the Global Certificate representing each such Series of the Turbo Certificates. In the event of any inconsistency between these Final Terms and the General Conditions or the relevant Product Conditions, these Final Terms will govern. The Netherlands Authority for the Financial Markets has provided the Autorité des services et marchés financiers (FSMA) in Belgium, the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg and the Autorité des Marchés Financiers (AMF) in France with a certificate of approval attesting that the Base Prospectus has been drawn up in accordance with the Prospectus Directive. So far as the Issuer is aware, no person (other than the Issuer and the Calculation Agent, see Risk Factors Actions taken by the Calculation Agent may affect the Underlying in the Base Prospectus) involved in the issue of the Turbo certificates has an interest material to the offer. Issuer: ABN AMRO Bank N.V., acting through its principal office at Gustav Mahlerlaan 10, 1082 PP Amsterdam, The Netherlands Clearing Agents: Centraal Instituut voor Giraal Effectenverkeer B.V. (Euroclear Netherlands) Pricing Date(s): 13 October 2014 Subscription Period: Not Applicable As, If and When issued Trading: Not Applicable Issue Date: 14 October 2014 Listing: Euronext Amsterdam Listing Date: 14 October 2014 Admission to trading: Application has been made for the Securities to be admitted to trading on NYSE Euronext in Amsterdam with effect from 14 October 2014 Announcements to Holders: Delivered to Clearing Agents 3

4 Principal Agent: Paying Agent(s): Calculation Agent: Dealer: Indication of yield: U.S. Selling Restriction: Form of the Securities: Goldman Sachs International, London, UK Citibank International plc, Amsterdam Goldman Sachs International, London, UK Goldman Sachs International, London, UK Not Applicable The Securities have not been and will not be registered under the United States Securities Act of 1933, as amended ( Securities Act ) and the Securities may not be exercised, offered, sold, transferred or delivered within the United States or to, or for the account or benefit of, any U.S. Person as defined in Regulation S under the Securities Act. Furthermore, trading in the Securities has not been approved by the United States Commodity Futures Trading Commission under the United States Commodity Exchange Act, as amended and no U.S. Person may at any time trade or maintain a position in the Securities Global Bearer Permanent 4

5 INDEX TURBO CERTIFICATES TABLE 1 SPECIFIC PRODUCT TERMS (MULTI-ISSUANCES): ISIN / Common Code / Mnemonic NL / / HF59A NL / / HF60A NL / / HF61A NL / / HF63A NL / / HF64A NL / / HF65A NL / / HF62A NL / / HF68A NL / / HF66A NL / / HF67A Underlying (Index) Series (Type) Issue Size / Issue Price (in Settlement Currency) / Settlement Currency AEX-INDEX Short 1,000,000 / 2.13 / EUR AEX-INDEX Short 1,000,000 / 1.92 / EUR AEX-INDEX Short 1,000,000 / 1.72 / EUR Financing Level on the Issue Date (in the Financing Level Currency) / Financing Level Rounding / Financing Level Currency Stop Loss Price on the Issue Date (in the Financing Level Currency) / Stop Loss Price Rounding Current Spread on the Issue Date / Current Stop Loss Premium Rate on the Issue Date / Maximum Spread / Maximum Premium / Minimum Premium Valuation Date / / EUR / 0.1 2%/ 2%/ 2%/ 7%/ 1% The Business Day on which the Securities are validly exercised / / EUR / 0.1 2%/ 2%/ 2%/ 7%/ 1% The Business Day on which the Securities are validly exercised / / EUR / 0.1 2%/ 2%/ 2%/ 7%/ 1% The Business Day on which the Securities are validly exercised CAC40 Index Short 500,000 / 1.60 / EUR / 0.01 / EUR 4160 / 10 2%/ 2%/ 2%/ 6%/ 1% The Business Day on which the Securities are validly exercised DAX (Performance Index) DAX (Performance Index) Dow Industrial Average Index Jones EURO STOXX 50 Index (Price EUR) Hang Seng China Enterprises Index Short 500,000 / 5.17 / EUR / 0.01 / EUR 9060 / 10 2%/ 3%/ 2%/ 5%/ 1% The Business Day on which the Securities are validly exercised Short 500,000 / 4.14 / EUR / 0.01 / EUR 8960 / 10 2%/ 3%/ 2%/ 5%/ 1% The Business Day on which the Securities are validly exercised Short 500,000 / 6.08 / EUR / 0.01 / USD / 10 2%/ 2%/ 2%/ 6%/ 1% The Business Day on which the Securities are validly exercised Short 500,000 / 1.43 / EUR / 0.01 / EUR 3040 / 10 2%/ 3%/ 2%/ 6%/ 1% The Business Day on which the Securities are validly exercised Short 500,000 / 2.08 / EUR / 0.01 / HKD / 10 2%/ 10%/ 2%/ 15%/ 5% The Business Day following the Business Day on which the Securities are validly exercised S&P 500 Index Short 500,000 / 1.01 / EUR / / USD 1978 / 1 2%/ 3.5%/ 2%/ 6%/ 1% The Business Day on which the Securities are validly exercised Entitlement

6 TABLE 2 INFORMATION ON THE UNDERLYING (MULTI-ISSUANCES): Underlying ISIN / Reuters page / Bloomberg page Index Sponsor Relevant Currency Notional Dividend Amount Underlying website AEX-INDEX * NL /.AEX / AEX Index EURONEXT Amsterdam EUR Applicable CAC40 Index** FR /.FCHI / CAC Index EURONEXT Paris EUR Applicable DAX (Performance Index)*** DE /.GDAXI / DAX Index Deutsche Börse AG EUR Not Applicable Dow Jones Industrial Average Index**** US /.DJI / INDU Index S&P Dow Jones Indices LLC. USD Applicable EURO STOXX 50 Index (Price EUR)***** EU /.STOXX50E / SX5E Index STOXX Limited EUR Applicable Hang Seng China Enterprises Index****** HK /.HSCE / HSCEI Index Hang Seng Indexes Company Limited HKD Applicable S&P 500 Index******* US78378X1072 /.SPX / SPX Index S&P Dow Jones Indices LLC. USD Applicable UNDERLYING DISCLAIMER: *Euronext N.V. or its subsidiaries have all proprietary rights with respect to the Index. In no way they sponsor, endorse or are otherwise involved in the issue and offering of the product. Euronext N.V. or its subsidiaries disclaim any liability to any party for any inaccuracy in the data on which the Index is based, for any mistakes, errors, or omissions in the calculation and/or dissemination of the Index, or for the manner in which it is applied in connection with the issue and offering thereof. AEX and AEX-index are registered trademarks of Euronext. **Euronext Paris S.A. has all proprietary rights with respect to the Index. In no way Euronext Paris S.A. sponsors, endorses or is otherwise involved in the issue and offering of the product. Euronext Paris S.A. disclaims any liability to any party for any inaccuracy in the data on which the Index is based, for any mistakes, errors, or omissions in the calculation and/or dissemination of the Index, or for the manner in which it is applied in connection with the issue and offering thereof. CAC40 and CAC are registered trademarks of Euronext N.V. subsidiary: Euronext Paris S.A. ***DAX is a registered trademark of Deutsche Börse AG. This Financial Instrument is neither sponsored nor promoted, distributed or in any other manner supported by Deutsche Börse AG (the "Licensor"). The Licensor does not give any explicit or implicit warranty or representation, neither regarding the results deriving from the use of the Index and/or the Index Trademark nor regarding the Index value at a certain point in time or on a certain date nor in any other respect. The Index is calculated and published by the Licensor. Nevertheless, as far as admissible under statutory law the Licensor will not be liable vis-à-vis third parties for potential errors in the Index. Moreover, there is no obligation for the Licensor vis-à-vis third parties, including investors, to point out potential errors in the Index. Neither the publication of the Index by the Licensor nor the granting of a license regarding the Index as well as the Index Trademark for the utilization in connection with the Financial Instrument or other securities or financial products, which derived from the Index, represents a recommendation by the Licensor for a capital investment or contains in any manner a warranty or opinion by the Licensor with respect to the attractiveness on an investment in this product. In its capacity as sole owner of all rights to the Index and the Index Trademark the Licensor has solely licensed to the issuer of the Financial Instrument the utilization of the Index and the Index Trademark as well as any reference to the Index and the Index Trademark in connection with the Financial Instrument. ****S&P is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and Dow Jones, DJIA, Dow Jones Industrial Average are trademarks of Dow Jones Trademark Holdings LLC ("Dow Jones"). The trademarks have been licensed to S&P Dow Jones Indices LLC and its affiliates and have been sublicensed for use for certain purposes by ABN Amro Bank N.V. The Dow Jones Industrial Average is a product of S&P Dow Jones Indices LLC and/or its affiliates, and has been licensed for use by ABN Amro Bank N.V. The products are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices make no representation or warranty, express or implied, to the owners of the products or any member of the public regarding the advisability of investing in securities generally or in the products particularly or the ability of the Dow Jones Industrial Average to track general market performance. The Dow Jones Industrial Average is a product of S&P Dow Jones Indices LLC and/or its affiliates, and has been licensed for use by ABN Amro Bank N.V. The productsare not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices make no representation or warranty, express or implied, to the owners of the products or any member of the public regarding the advisability of investing in securities generally or in the products particularly or the ability of the Dow Jones Industrial Average to track general market performance. S&P Dow Jones Indices' only relationship to ABN Amro Bank N.V. with respect to the Dow Jones Industrial Average is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its third party licensors. The Dow Jones Industrial Average is determined, composed and calculated by S&P Dow Jones Indices without regard to ABN Amro Bank N.V. or the products. S&P Dow Jones Indices have no obligation to take the needs of ABN Amro Bank N.V. or the owners of the products into consideration in determining, composing or calculating the Dow Jones Industrial Average. S&P Dow Jones Indices are not responsible for and have not participated in the determination of the prices, and amount of products or the timing of the issuance or sale of the products or in the determination or calculation of the equation by which the products are to be converted into cash. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the products. There is no assurance that investment products based on the Dow Jones Industrial Average will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice. Notwithstanding the foregoing, CME Group Inc., an affiliate of S&P Dow Jones Indices LLC, and its affiliates may independently issue and/or sponsor financial products unrelated to the products currently being issued by ABN Amro Bank N.V., but which may be similar to and competitive with the products. In addition, CME Group Inc. and its affiliates may trade financial products which are linked to the performance of the Dow Jones Industrial Average. It is possible that this trading activity will affect the value of the Dow Jones Industrial Average and the products. S&P DOW JONES INDICES DO NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE DOW JONES INDUSTRIAL AVERAGE OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY ABN AMRO BANK N.V., OWNERS OF THE PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE DOW JONES INDUSTRIAL AVERAGE OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBLITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND ABN AMRO BANK N.V., OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES *****The EURO STOXX 50 is the intellectual property of STOXX Limited, Zurich, Switzerland and/or its licensors ( Licensors ), which is used under license. The securities or other financial instruments based on the index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither STOXX nor its licensors shall have any liability with respect thereto. ******The Hang Seng China Enterprises Index (the "Index") is published and compiled by Hang Seng Indexes Company Limited pursuant to a licence from Hang Seng Data Services Limited. The mark and name Hang Seng China Enterprises Index are proprietary to Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited have agreed to the use of, and reference to, the Index by ABN Amro Bank N.V. in connection with this Transaction (the "Product"), BUT NEITHER HANG SENG INDEXES COMPANY LIMITED NOR HANG SENG DATA SERVICES LIMITED WARRANTS OR REPRESENTS OR GUARANTEES TO ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON (i) THE ACCURACY OR COMPLETENESS OF THE INDEX AND ITS COMPUTATION OR ANY INFORMATION RELATED THERETO; OR (ii) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF THE INDEX OR ANY COMPONENT OR DATA COMPRISED IN IT; OR (iii) THE RESULTS WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF THE INDEX OR ANY COMPONENT OR DATA COMPRISED IN IT FOR ANY PURPOSE, AND NO WARRANTY OR REPRESENTATION OR GUARANTEE OF ANY KIND WHATSOEVER RELATING TO THE INDEX IS GIVEN OR MAY BE IMPLIED. The process and basis of computation and compilation of the Index and any of the related formula or formulae, constituent stocks and factors may at any time be changed or altered by Hang Seng Indexes Company Limited without notice. TO THE EXTENT PERMITTED BY APPLICABLE LAW, NO RESPONSIBILITY OR LIABILITY IS ACCEPTED BY HANG SENG INDEXES COMPANY LIMITED OR HANG SENG DATA SERVICES LIMITED (i) IN RESPECT OF THE USE OF AND/OR REFERENCE TO THE INDEX BY ABN AMRO BANK 6

7 N.V. IN CONNECTION WITH THE PRODUCT; OR (ii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES OR ERRORS OF HANG SENG INDEXES COMPANY LIMITED IN THE COMPUTATION OF THE INDEX; OR (iii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES, ERRORS OR INCOMPLETENESS OF ANY INFORMATION USED IN CONNECTION WITH THE COMPUTATION OF THE INDEX WHICH IS SUPPLIED BY ANY OTHER PERSON; OR (iv) FOR ANY ECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR INDIRECTLY SUSTAINED BY ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON DEALING WITH THE PRODUCT AS A RESULT OF ANY OF THE AFORESAID, AND NO CLAIMS, ACTIONS OR LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST HANG SENG INDEXES COMPANY LIMITED AND/OR HANG SENG DATA SERVICES LIMITED in connection with the Product in any manner whatsoever by any broker, holder or other person dealing with the Product. Any broker, holder or other person dealing with the Product does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Hang Seng Indexes Company Limited and Hang Seng Data Services Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasicontractual relationship between any broker, holder or other person and Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship. *******Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). The trademarks have been licensed to S&P Dow Jones Indices LLC and have been sublicensed for use for certain purposes by ABN Amro Bank N.V. The Index is a product of S&P Dow Jones Indices LLC and has been licensed for use by ABN Amro Bank N.V. The products are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the products or any member of the public regarding the advisability of investing in securities generally or in the products particularly or the ability of the Index to track general market performance. S&P Dow Jones Indices only relationship to ABN Amro Bank N.V. with respect to the Index is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices. The Index is determined, composed and calculated by S&P Dow Jones Indices without regard to ABN Amro Bank N.V. or the products. S&P Dow Jones Indices has no obligation to take the needs of ABN Amro Bank N.V. or the owners of products into consideration in determining, composing or calculating the Index. S&P Dow Jones Indices is not responsible for and has not participated in the determination of the prices, and amount of the products or the timing of the issuance or sale of the products or in the determination or calculation of the equation by which the products are to be redeemed. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the products. There is no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice. S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY ABN AMRO BANK N.V., OWNERS OF THE PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBLITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND ABN AMRO BANK N.V., OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES. 7

8 Series: As specified in Table 1 Applicable Product Conditions: Closed-end Securities, Open-end Securities, Factor Securities or Trader Securities: Index Turbo Short Certificates Open-end Securities Issue Price: As specified in Table 1 Business Day: As specified in Product Condition 1 Index: As specified in Table 1 and Table 2 Financing Level on the Issue Date: As specified in Table 1 Financing Level Rounding: upwards (in case of Long Certificates) and downwards (in case of Short Certificates) to the next whole unit of the Financing Level Currency as specified in Table 1 Current Spread on the Issue Date: As specified in Table 1 Current Stop Loss Premium Rate on the Issue Date: As specified in Table 1 Entitlement: As specified in Table 1 Exercise Time: 11.00am Amsterdam Time Financing Level Currency: As specified in Table 1 Issuer Call Commencement Date: Maturity Date: The first Business Day following the Issue Date Not Applicable Maximum Premium: As specified in Table 1 Maximum Spread: As specified in Table 1 Minimum Premium: As specified in Table 1 8

9 Notional Dividend Amount: As specified in Table 2 Notional Dividend Period: As specified in Product Condition 1 Observation Hours: The usual hours during which the Index is calculated and published by the Index Sponsor. Relevant Currency: As specified in Table 2 Relevant Number of Trading Days: For the purposes of: Issuer Call Date: 180 Valuation Date: 180 5, or in respect of an Emerging Market Disruption Event only, 5, or in respect of an Emerging Market Disruption Event only, Reset Date: Securities Exchange: Each Business Day, at the determination of the Calculation Agent NYSE Euronext in Amsterdam Settlement Currency: As specified in Table 1 Settlement Date: Up to the fifth Business Day following the Valuation Date, the last day of the Stop Loss Termination Valuation Period or the Issuer Call Date, as the case may be Standard Currency: As stated in Product Condition 1 Stop Loss Price Rounding: Stop Loss Reset Date: upwards (in case of Long Certificates) and downwards (in case of Short Certificates) to the next whole unit of the Financing Level Currency as specified in Table 1 15th day Stop Loss Termination Reference Price: As specified in Product Condition 1 Trading Day: Any day on which the Index Sponsor should calculate and publish the closing level of the Index according to its rules 9

10 Valuation Date: As specified in Table 1 ISIN: As specified in Table 1 Common Code: As specified in Table 1 Other Securities Code: As specified in Table 1 Non-exempt Offer Non-exempt Offer Jurisdictions: Offer Period: Financial intermediaries granted specific consent to use the Base Prospectus in accordance with the Conditions in it: General Consent: Other Authorised Offeror Terms: Applicable Netherlands, Belgium, Luxembourg and France Issue Date until the Issuer terminates the offer None Not Applicable Not Applicable INFORMATION ON THE UNDERLYING Page where information about the past and future performance of the Underlying and its volatility can be obtained: As specified in Table 2 TERMS AND CONDITIONS OF OFFER Offer Price: Conditions to which the offer is subject: Description of the application process: Description of possibility to reduce subscriptions and manner for refunding Issue Price Not Applicable Not Applicable Not Applicable 10

11 excess amount paid by applicants: Details of the minimum and/or maximum amount of application: Details of the method of determining the price and the process for its disclosure: Details of the method and time limits for paying up and delivering the Securities: Manner in and date on which results of the offer are to be made public: Whether tranche(s) have been reserved for certain countries: Process for notification to applicants of the amount allotted and the indication whether dealing may begin before notification is made: Amount of any expenses and taxes specifically charged to the subscriber or purchaser: Name(s) and address(es), to the extent known to the Issuer, of the placers in the various countries where the offer takes place: Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable None 11

12 RESPONSIBILITY The Issuer accepts responsibility for the information contained in these Final Terms. 12

13 SUMMARY Summaries are made up of disclosure requirements known as Elements. These Elements are numbered in Sections A E (A.1 E.7). This Summary contains all the Elements required to be included in a summary for the Securities and the Issuer. Because some Elements are not required to be addressed, there may be gaps in the numbering sequence of the Elements. Even though an Element may be required to be inserted in a summary because of the type of securities and issuer, it is possible that no relevant information can be given regarding the Element. In this case a short description of the Element should be included in the summary explaining why it is not applicable. Certain provisions of this summary appear in square brackets. Such information will be completed or, where not relevant, deleted, in relation to a particular series (a Series) of Securities and the completed summary in relation to such Series shall be appended to the relevant Final Terms. Section A Introduction and warnings Element A.1 This summary should be read as an introduction to the Base Prospectus and the applicable Final Terms. Any decision to invest in any Securities should be based on a consideration of this Base Prospectus as a whole, including any documents incorporated by reference and the applicable Final Terms. Where a claim relating to information contained in the Base Prospectus and the applicable Final Terms is brought before a court in a Member State of the European Economic Area, the plaintiff may, under the national legislation of the Member State where the claim is brought, be required to bear the costs of translating the Base Prospectus and the applicable Final Terms before the legal proceedings are initiated. No civil liability will attach to the Issuer in any such Member State solely on the basis of this summary, including any translation hereof, unless it is misleading, inaccurate or inconsistent when read together with the other parts of this Base Prospectus and the applicable Final Terms or, following the implementation of the relevant provisions of Directive 2010/73/EU in the relevant Member State, it does not provide, when read together with the other parts of this Base Prospectus and the applicable Final Terms, key information (as defined in Article 2.1(s) of the Prospectus Directive) in order to aid investors when considering whether to invest in the Securities. A.2 Certain Tranches of Securities with a denomination of less than 100,000 (or its equivalent in any other currency) may be offered in circumstances where there is no exemption from the obligation under the Prospectus Directive to publish a prospectus. Any such offer is referred to as a Non- 13

14 Element exempt Offer. Issue specific summary: AN INVESTOR INTENDING TO PURCHASE OR PURCHASING ANY SECURITIES IN A NON-EXEMPT OFFER FROM AN AUTHORISED OFFEROR WILL DO SO, AND OFFERS AND SALES OF SUCH SECURITIES TO AN INVESTOR BY SUCH AUTHORISED OFFEROR WILL BE MADE, IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE OFFER IN PLACE BETWEEN SUCH AUTHORISED OFFEROR AND SUCH INVESTOR INCLUDING ARRANGEMENTS IN RELATION TO PRICE, ALLOCATIONS, EXPENSES AND SETTLEMENT. THE RELEVANT INFORMATION WILL BE PROVIDED BY THE AUTHORISED OFFEROR AT THE TIME OF SUCH OFFER. 14

15 Section B Issuer Element Title B.1 Legal and commercial name of the Issuer B.2 Domicile/ legal form/ legislation/ country of incorporation ABN AMRO Bank N.V. (the Issuer) ABN AMRO The Issuer is a private limited liability company (naamloze vennootschap) incorporated under the laws of The Netherlands on 9 April The Issuer's corporate seat (statutaire zetel) is in Amsterdam, The Netherlands and its registered office is Gustav Mahlerlaan 10, 1082 PP Amsterdam, The Netherlands. B.4b Trend information The revenues and results of operations of the Issuer and the industry in which it operates are affected by, among other factors, general economic conditions in the Netherlands and other markets, including economic cycles, the financial markets, the Dutch mortgage market, banking industry cycles and fluctuations in interest rates and exchange rates, monetary policy, demographics, and other competitive factors. Revenues and net profit from ABN AMRO s operations may vary from year to year depending on changes in consumer and corporate lending market conditions and business cycles in The Netherlands and other markets. The financial services industry, both in The Netherlands and around the world, continues to face a high degree of uncertainty, and ABN AMRO is exposed to these developments across all its businesses, both directly and indirectly and through their impact on customers and clients. Economic developments in recent years have impacted Dutch banks. Revenues came under pressure due to weaker demand for certain banking products. Costs were driven up by preparations for and the introduction of new or revised regulations. Loan impairments increased due to a rise in defaults and a decline in the value of (commercial) property portfolios, among other things. These developments did not affect the profits and capital ratios of all banks equally, due in part to differences in scale and geographic scope and the relative impact of loan impairments. Lower profitability combined with stricter capital requirements prompted both Dutch and foreign banks active in The Netherlands to reconsider their existing mix of activities, choices in new lending, dividend policies and geographic allocation of capital. The relatively large share of mortgages on Dutch banks balance sheets and the situation on the housing market made banks cautious in their mortgage lending. Furthermore, a number of foreign banks gave priority in lending to their home markets, slowed down growth of their Dutch activities and, in some cases, sold off portfolios. B.5 Description of the Group ABN AMRO Group N.V. is the Issuer's sole shareholder. The Issuer is the only direct subsidiary of ABN AMRO Group N.V. and ABN AMRO Group N.V. has no significant activities other than holding the shares in the Issuer. The managing 15

16 Element Title board and the supervisory board of ABN AMRO Group N.V. are composed of the same members as the Issuer. All shares in the capital of ABN AMRO Group N.V. are held by Stichting administratiekantoor beheer financiele instellingen (trade name NL Financial Investments, NLFI). NLFI holds a total voting interest of 100% in ABN AMRO Group N.V. NLFI issued exchangeable depositary receipts for shares (without the cooperation of ABN AMRO Group N.V.) to the Dutch State. As sole holder of all issued exchangeable depositary receipts, the Dutch State holds an indirect economic interest of 100% in ABN AMRO Group N.V. The Issuer has various direct and indirect subsidiaries through which part of its business is operated. B.9 Profit forecast or estimate B.10 Audit report qualifications B.12 Key Financial Information: Not applicable. There is no profit forecast or estimate included in this Base Prospectus. Not applicable There are no qualifications in the audit report on the historical financial information included in this Base Prospectus. The tables below set out selected consolidated financial information for the years ended 2013, 2012 and In 2012, ABN AMRO finalized the integration of ABN AMRO Bank and Fortis Bank Nederland. As of the first quarter of 2013, ABN AMRO presents its results on a reported basis, which means that historical periods will no longer be adjusted for costs related to the integration. Furthermore, ABN AMRO adopted the amended pension accounting standard IAS 19 as from 1 January As a result, all 2012 disclosed figures have been adjusted accordingly for comparison purposes. In 2013, accrued interest is presented as part of the relevant balance sheet accounts versus the separate line items (i) accrued income and prepaid expenses and (ii) accrued expenses and deferred income in previous years. This change has no impact on equity, total assets or net profit. All 2012 disclosed figures have been adjusted accordingly for comparison purposes. The 2011 disclosed figures have not been adjusted for IAS 19 and accrued interest. The reported results for the years ended and as at 31 December 2013, 2012 and 2011 have been audited. 16

17 Results of operations for the years ended 31 December 2013, 2012 and 2011 Selected consolidated balance sheet movements for the years ended 31 December 2013, 2012 and 2011 Selected consolidated financial information Year ended 31 December (in millions of euros) Net interest income Net fee and commission income Other non-interest income Operating income Personnel expenses Other expenses Operating expenses Operating result Impairment charges on loans and other receivables Profit/(loss) before tax Income tax (expense)/credit (9) Profit/(loss) for the period Year ended 31 December Cost/income ratio 65% 64% 69% Return on average Equity (IFRS-EU) 8,5% 8,5% 5,6% Return on average RWA (in bps) / As at 31 December RWA/Total assets 29% 31% 29% Assets under Management (in EUR billion) 168,3 163,1 146,6 Risk-weighted assets (in EUR billion) 109,0 121,5 118,3 FTEs Condensed Consolidated statement of financial position Year ended 31 December (in millions of euros) Assets Cash and balances at central banks Financial assets held for trading Financial investments Loans and receivables banks Loans and receivables customers Other Total assets Liabilities Financial liabilities held for trading Due to banks Due to customers Issued debt Subordinated liabilities Other Total liabilities Equity Equity attributable to owners of the parent company Equity attributable to non-controlling interests Total equity Total liabilities and equity

18 B.12 Key Financial Information: The tables below set out selected consolidated financial information for the first quarters of 2014, 2013 and As of 1 January 2014, management has adopted a view to provide a better understanding of the underlying trends in financial performance. The statutory results reported in accordance with Group accounting policies have been adjusted for defined special items and divestments. Underlying results are presented which are adjusted for special items and divestments. Such special items are material and nonrecurring items which are not related to normal business activities. A divestment is the sale of a (part of a) business to a third party. Adjustments include past results as well as the relating transaction result. To provide a consistent comparison with earlier periods, special items and divestments are adjusted on previous financial periods, where applicable. Furthermore, all 2012 figures have been adjusted for comparison following adoption of the amended pension accounting standard (IAS 19). The reported results for the first quarter of 2014 have not been audited nor reviewed. Results of operations for the first quarters 2014, 2013 and 2012 Selected consolidated financial information Quarter ended 31 March (in millions of euros) Net interest income Net fee and commission income Other non-interest income Operating income Personnel expenses Other expenses Operating expenses Operating result Impairment charges on loans and other receivables Profit/(loss) before tax Income tax (expense)/credit Underlying profit/(loss) for the period Special items and divestments (67) Reported profit/(loss) for the period

19 Quarter ended 31 March Underlying cost/income ratio 58% 64% 56% Return on average Equity (IFRS-EU) 8,5% 8,8% 14,7% NIM (NII/average total assets) (in bps) Cost of risk (in bps) As at 31 March Assets under Management (in EUR billion) 170,6 168,3 155,5 FTEs There has been no (i) material adverse change in the Issuer's prospects or (ii) significant change in the financial position of the Issuer and its subsidiaries since 31 December There has been no (i) material adverse change in the ABN AMRO Group N.V.'s prospects or (ii) significant change in the financial position of ABN AMRO Group N.V. and its subsidiaries since 31 December B.13 Recent Events: Not applicable. There are no recent events particular to the Issuer which are to a material extent relevant to the evaluation of the Issuer's solvency. B.14 Dependence upon group entities: B.15 Principal activities Not applicable. ABN AMRO is a full-service bank in The Netherlands, supporting retail, private banking and commercial banking clients in The Netherlands and selectively abroad. In addition to its strong position in The Netherlands, ABN AMRO is active in a number of specialised activities such as Energy, Commodities & Transportation (ECT) and Clearing, private banking, commercial banking and asset based lending in a select number of countries. ABN AMRO is organised into Retail & Private Banking (R&PB), Commercial & Merchant Banking (C&MB) and Group Functions. Each member of the Managing Board is responsible for either a business segment or a support unit within Group Functions. The Chairman of the Managing Board oversees the general management of ABN AMRO and is responsible for Group Audit and the Corporate Office. 19

20 For financial reporting purposes, in 2011 the Managing Board adopted a further refinement of ABN AMRO s segment reporting as follows: Retail Banking; Private Banking; Commercial Banking; Merchant Banking; Group Functions. Retail & Private Banking R&PB consists of the business lines Retail Banking, Private Banking Netherlands and Private Banking International, each of which serves a different client base with a tailored business proposition. Retail Banking Retail Banking offers Mass Retail and Preferred Banking clients a wide variety of banking, loan and insurance products and services through the branch network, online, via Advice & Service centres, via intermediaries and through subsidiaries. The majority of the loan portfolio of Retail Banking consists of residential mortgages. Private Banking Private Banking provides total solutions to its clients' global wealth management needs and offers an array of products and services designed to address their individual situation. Private Banking operates under the brand name ABN AMRO MeesPierson in The Netherlands and internationally under ABN AMRO Private Banking and local brands such as Banque Neuflize OBC in France and Bethmann Bank in Germany. The International Diamond & Jewelry Group, a leading provider of global financial services to the diamond and jewellery industry, is part of Private Banking International. ABN AMRO offers private banking services to clients with freely investable assets exceeding EUR 1 million (or USD 1 million in Asia). Commercial & Merchant Banking For small businesses up to large corporate companies, C&MB offers a range of comprehensive and innovative products, in-depth sector knowledge and customised financial advice. 20

21 C&MB offers a comprehensive product range and services to commercial clients in The Netherlands and surrounding countries Germany, Belgium, France and the United Kingdom as more than 80% of the bank's commercial clients conduct their international business in these countries. C&MB serves Dutch-based corporates with international activities, offering a one-stop shop for all financial solutions and tailor-made services. Clients have access to the bank's international network including the ten largest financial and logistics hubs in the world, including New York, São Paulo, London, Frankfurt, Singapore and Hong Kong. Internationally, C&MB offers selected specialised activities where it holds or can achieve a top-5 position: Energy, Commodities & Transportation (ECT) and ABN AMRO Clearing globally, and Lease and Commercial Finance in selected markets. C&MB is organised into Commercial Banking and Merchant Banking. Commercial Banking Commercial Banking serves commercial clients with annual turnover up to EUR 500 million and clients in the public sector, commercial finance and leasing. To address the international business needs of its clients, the Commercial Banking International network offers a broad range of products and services by having a local presence in selected areas and globally through partner bank agreements. Commercial Banking has set up agreements with partner banks to offer services to clients in countries where ABN AMRO is not present. Commercial Banking consists of two business lines: Business Banking and Corporate Clients. Business Banking offers small and medium-sized businesses with turnover up to EUR 30 million a comprehensive range of standard and customised products through the service models YourBusiness Banking and Relationship Management. Corporate Clients serves Netherlands-based companies with an annual turnover between EUR 30 and 500 million as well as clients in the public sector. ABN AMRO Lease, ABN AMRO Commercial Finance and Commercial Banking International are part of Corporate Clients and provide solutions to clients in all C&MB segments. Merchant Banking Merchant Banking serves Netherlands-based corporates, financial institutions and real estate investors and developers as well as international companies active in Energy, Commodities & Transportation (ECT). Merchant Banking is organised into two business lines: Large Corporates & Merchant Banking (LC&MB) and Markets. LC&MB offers a full array of banking products and services, including Cash & Liquidity Management, Debt Solutions and Corporate Finance & Capital Markets. Markets serves the bank's entire client base and has two global businesses: Securities Financing and Clearing. Group Functions Group Functions supports ABN AMRO's businesses by delivering services in the areas of audit, corporate governance, finance, risk, human resources, legal, compliance, communication, change management, technology, operations, property management, 21

22 sustainability, and housing. Group Functions is organised into four areas, each of them headed by a Managing Board member: Technology, Operations & Property Services (TOPS), Finance (Finance), Risk Management & Strategy (RM&S), and People, Regulations & Identity (PR&I). Group Audit reports directly to the Chairman of the Managing Board and the Chairman of the Audit Committee. The Company Secretary holds an independent position under joint supervision of the Chairman of both the Managing Board and the Supervisory Board. B.16 Controlling shareholders ABN AMRO Group N.V. is the Issuer's sole shareholder. The Issuer is the only direct subsidiary of ABN AMRO Group N.V. and ABN AMRO Group N.V. has no significant activities other than holding the shares in the Issuer. As of the date of this Base Prospectus, all shares in the capital of ABN AMRO Group N.V. are held by Stichting administratiekantoor beheer financiele instellingen (trade name NL Financial Investments, NLFI). NLFI holds a total voting interest of 100% in ABN AMRO Group N.V. NLFI is responsible for managing the shares in ABN AMRO Group N.V. and exercising all rights associated with these shares under Dutch law, including voting rights. Material or principal decisions require the prior approval of the Dutch Minister of Finance, who can also give binding voting instructions with respect to such decisions. NLFI is not permitted to dispose of or encumber the shares, except pursuant to an authorization from and on behalf of the Dutch Minister of Finance. NLFI issued exchangeable depositary receipts for shares (without the cooperation of ABN AMRO Group N.V.) to the Dutch State. As sole holder of all issued exchangeable depositary receipts, the Dutch State holds an indirect economic interest of 100% in ABN AMRO Group N.V. B.17 Credit ratings The Issuer's long term credit ratings are: A from Standard & Poor s Credit Market Services France SAS ("S&P"), A2 from Moody's Investors Service, Limited ("Moody's"), A+ from Fitch Ratings Ltd. ("Fitch") and A (high) from DBRS Ratings Limited ("DBRS"). Securities issued pursuant to the Programme may be rated or unrated. Where an issue of Securities is rated, its rating will be specified in the applicable Final Terms and the relevant issue specific summary annexed to the applicable Final Terms. Whether or not each credit rating applied for in relation to the relevant Series of Securities will be issued by a credit rating agency established in the European Union and registered under the EU Credit Rating Agency Regulation (EC No. 1060/2009) will be specified in the applicable Final Terms. A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, change or withdrawal at any time by the assigning rating agency. Issue specific summary: 22