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Rabobank plans principal-protected CDs linked to index basket via LaSalle
By Laura Lutz
Des Moines, Nov. 19 - Rabobank, NA plans to price 100% principal-protected certificates of deposit due Nov. 29, 2013 linked to a basket of four indexes via LaSalle Financial Services, Inc., according to a term sheet.
The basket consists of equal weights of the MSCI Singapore Free index, the Dow Jones Euro Stoxx 50 index, the Nikkei 225 index and the S&P 500 index.
Holders may put the CDs on Aug. 31, Nov. 30, Feb. 28 and May 31 of each year, beginning on Feb. 28, 2008 and ending on Aug. 31, 2013.
The payout at maturity will be par plus any gain on the basket. Investors will receive at least par.
The CDs have a trade date of Nov. 27 and settlement date of Nov. 30. They are expected to price on Nov. 28.
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