US Wrap: Deutsche offers emerging markets funds play

Deutsche Bank has launched an emerging markets note which links to two exchange-traded funds based on Brazil and China, amid a busy start to the week for the US market. The structure gives investors 100% equally weighted participation in the iShares FTSE/Xinhua China 25 Index Fund and the iShares MSCI Brazil Index Fund up to a cap of between 47-53% over two years. It incorporates a 20% downside buffer to protect investor capital.

ABN Amro put 14 reverse convertible notes into the market, offering exposure to a variety of US equity. Alongside the usual suspects, such as financials and construction stocks, the consumer theme was also in evidence with a Nike stock-linked note. Transportation was on offer via a note linked to the share price performance of CSX which focuses on the railroad and shipping business. It pays a 13% annualised coupon over a quarter, with a 70% stock conversion barrier.

Issuer

Product type

Underlyings

Pricing date

Maturity date

ABN Amro

Reverse Convertible

Target

Jun 25 2009

Dec 31 2009

ABN Amro

Reverse Convertible

Goldman Sachs

Jun 25 2009

Dec 31 2009

ABN Amro

Reverse Convertible

General Electric

Jun 25 2009

Dec 31 2009

ABN Amro

Reverse Convertible

Freeport

Jun 25 2009

Dec 31 2009

ABN Amro

Reverse Convertible

US Bancorp

Jun 25 2009

Dec 31 2009

ABN Amro

Reverse Convertible

Wells Fargo

Jun 25 2009

Dec 31 2009

ABN Amro

Reverse Convertible

Goodyear

Jun 25 2009

Dec 31 2009

ABN Amro

Reverse Convertible

Caterpillar

Jun 25 2009

Sep 30 2009

ABN Amro

Reverse Convertible

ConocoPhillips

Jun 25 2009

Sep 30 2009

ABN Amro

Reverse Convertible

Deere

Jun 25 2009

Sep 30 2009

ABN Amro

Reverse Convertible

Nike

Jun 25 2009

Sep 30 2009

ABN Amro

Reverse Convertible

CSX

Jun 25 2009

Sep 30 2009

ABN Amro

Reverse Convertible

JP Morgan

Jun 25 2009

Sep 30 2009

ABN Amro

Reverse Convertible

Schlumberger

Jun 25 2009

Sep 30 2009

Deutsche Bank

Accelerated Growth

iShares FTSE/Xinhua China 25 Index Fund and the iShares MSCI Brazil Index Fund

Jun 25 2009

Jun 30 2011

Source: Future Value Consultants & SEC filings

For access to analysis of the US structured product market, visit www.structurededge.com

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