US Wrap: Post-holiday rush sees reverse convertible flurry

Morgan Stanley issued a single reverse convertible of its own linked to Target Corp, the online retailer, clearly undeterred by this week's announcement of lower than expected US retail sales for March. JP Morgan shunned US equity altogether and linked a growth product to the iShares MSCI Emerging Markets index fund, remaining one of few issuers willing to broaden exposure beyond US borders.

Issuer

Product type

Underlying

Pricing date

Maturity date

Morgan Stanley

Reverse Convertible

Target Corp

Apr 23 20

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