New York-based investment bank Bear Stearns has launched its first structured retail product programme in Hong Kong.
Part of the Bear Stearns Structured Retail Notes programme, the first product, entitled the Horizon, is a two-year structure linked to a basket of stocks. It offers a 10% fixed coupon after six months. Investors of the Horizon notes receive the higher of either a 2% buffer plus the return of the worst-performing share or zero every six months until maturity. If a 12% aggregate