US Wrap: Deutsche launches sector stock basket note
Deutsche Bank has launched an accelerated growth note offering leveraged participation in a basket of 15 stocks. The two-year note gives investors 300% of the performance of a selection of metals, mining, agriculture and energy equities more commonly seen in reverse convertibles, such as Freeport McMoran and Barrick Gold Corp. The components are all equally weighted and the return is capped at 60%. The product offers no downside protection.
Morgan Stanley launched two notes using the external credit of Eksportfinans which offer either accelerated participation in the S&P 500 index, or reverse convertible exposure to the iShares MSCI Emerging Markets Index Fund over six months.
Issuer
Product type
Underlying(s)
Pricing date
Maturity date
J P Morgan
Accelerated Growth
EFA
Jun-09
Jun 30 2011
J P Morgan
Accelerated Growth
.SPX
Jun-09
Jun 30 2011
Eksportfinans
Accelerated Growth
.SPX
Jun-09
Jul 28 2010
Eksportfinans
Reverse Convertible
EEM
Jun 09 2009
Dec 14
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