US Wrap: May Day flurry favours US equity

The rest of issuance was patriotically dominated by the S&P 500 index. UBS issued both an accelerated growth product and a bull-bear play on the index; the latter only its 12th product for 2009. Credit Suisse, meanwhile, was offering 500% in index gains over either a 12 or 15 month period.IssuerProduct typeUnderlyingPricing dateMaturity dateUBS AGStraddleS&P 500May 26 2009May 31 2011J P Morgan Chase & CoReverse ConvertibleCaterpillarMay 08 2009Nov 13 2009J P Morgan Chase & CoReverse Converti