US Wrap: Product numbers dwindle, non-bank issuers remain

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Morgan Stanley offers exposure to developed and emerging markets

It is another small but varied issuance for the US market and again includes a non-bank issuer, this time Swedish Export Credit, which has issued an accelerated growth product based on the S&P 500.

The two-year investment has a 200% participation rate, with a cap at 17–20%. It has a 20% buffer against any fall in the underlying index, after which capital will be lost at the rate of 1.25:1. The product has an overall rating of 7.6 and a riskmap score of 4.6.

Morgan Stanley has issued a product ba

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