Straddles
Bank of Montreal emerging markets straddle delivers returns in rising and falling markets
Returns in both directions
Trade of the month: Dual directional products
Trade of the month: Dual directional products
Structured products offer accelerated returns on US equity market gains
Banks have launched a swathe of S&P 500 leveraged return notes on the back of new highs for the benchmark US equity index
ETFs dominate underlyings in latest SEC registrations
Exchange-traded funds form the basis of a raft of structured products registered with the US regulator in the week ending June 8
Dual directional products are ‘exceedingly complex’ says US securities research firm
Thirty-five dual directional structured products have been issued so far this year in the US, but research from a securities consulting firm warns against them
Bank of Montreal wakes up to coffee company-linked product
Bank of Montreal has filed a coffee company-linked product with the SEC, and UBS has registered another seven reverse convertibles
Straddles in vogue as Goldman and JP Morgan dominate
Both JP Morgan and Goldman Sachs filed three new products with the US Securities and Exchange Commission on March 21, offering a selection of autocallable, straddle, reverse convertible and leveraged return notes
Credit Suisse joins the technology trend with Apple straddle
UBS and Credit Suisse have both filed products based on the performance of Apple shares with the SEC. Half of the latest products registered with the regulator are leveraged return notes
Bank of Montreal rolls out more reverse convertibles
The Canadian bank has registered a further three reverse convertibles with the US Securities and Exchange Commission, while JP Morgan and Citi filed straddle products linked to the performance of ETFs
Credit Suisse steps in with straddles, leveraged returns and a bonus
Supply in the US public market remains healthy, with a further 21 products listed with the SEC on March 14. The structures on offer were varied, as was the spread of issuers
Reverse convertibles dominate as US supply slows
Seven structured products were registered with the SEC on March 12, with reverse convertibles from UBS leading the way
UBS offers lion's share of latest structured products registered in the US
Thirty-one structured products were registered with the US Securities and Exchange Commission on March 9, with UBS providing nine autocallables and reverse convertibles
Barclays taps State Street sector-specific ETFs for new US products
Barclays Bank has filed two structured products with the US Securities and Exchange Commission based on State Street industrial and technology exchange-traded funds
HSBC straddle product offers each-way bet on S&P 500
Down, but not necessarily out
Global events fail to rock dispersion trades
Recent global events have not dented the popularity of dispersion trades among hedge funds, claim bankers
US Wrap: Tentative reverse convertible issuance from Citi
Citi issued two reverse convertible products in the US market yesterday in a cautious offering of the riskier structures. The notes link to the stock of either JP Morgan or Research in Motion, which makes BlackBerry devices, lasting one year and six…
Small buffer in a big market
JP Morgan issued a dual directional straddle product with a 10% buffer just over a year ago. Relying on nothing more than a slight fall in equity markets over the past 12 months has proved an easy way to erode capital
Easy returns in either direction - Product review
JP Morgan has released a one-year straddle product based on four Asian indexes that offers 200% participation on the upside and 100% on the downside, subject to maximum returns of 17.2% and 10%, in addition to principal