US Wrap: ABN Amro continues slow trickle of reverse convertibles
ABN Amro is continuing its slow and steady release of reverse convertible notes into the US market, launching a structure linked to General Electric stock. It pays an annualised rate of 9%, with a barrier of 70%. If the stock falls below this barrier and fails to recover to its initial value by the product's three-month maturity, then capital loss will be 1:1.
Only one other product accompanied the note, which was an accelerated growth product launched by JP Morgan. The two-year note offers exposure to the iShares MSCI Eafe index fund at a rate of 200%, with a downside buffer of 10%. Upside will be capped at between 28-33%.
Issuer
Product type
Underlying
Pricing date
Maturity date
JP Morgan Chase
Accelerated Growth
iShares MSCI Eafe Index Fund
Aug-2009
Aug 31 2011
ABN Amro
Reverse Convertible
General Electric
Jul 27 2009
Oct 30 2009
Source: Future Value Consultants &
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Indexes
Indexed for growth – The democratisation of thematic indexes
Simon Karaban, head of index services at Singapore Exchange, talks about environmental, social and governance indexes and how the emergence of exchange-traded funds and wealth platforms is democratising thematic indexes, making them more accessible to…
China Minsheng Bank MStar shines in volatile markets
Sponsored content
Index providers clash over evolution of multi-factor products
Battle of ideas on how best to offer new wave of smart beta exposures heats up
Narrow range of index products stifles investor choice
Lack of liquid options on European mid-cap benchmarks leaves investors stuck with the blue chips
Benchmark rules risk stifling innovation, says Stoxx chief
New product issuance in Europe could dry up as result of overbearing new rules, says Graf
Providers set to spar amid multi-asset index boom
Major index houses set to bet big on new product class
Solactive: outfoxing the index big guns with fintech focus
Cheaper pricing, efficient technology and transparent approach to data help firm compete against large providers
Index provider of the year: MSCI
Firm praised for transparent approach to index construction and pioneering partnerships with exchanges
Most read
- Top 10 operational risks for 2024
- Top 10 op risks: third parties stoke cyber risk
- Japanese megabanks shun internal models as FRTB bites