Goldman Sachs also issued an accelerated growth note using its own paper, which gives exposure to the iShares MSCI Emerging Markets Index Fund. It lasts 18 months and gives 150% participation in the fund's performance. A downside buffer of 10% is incorporated, but participation beyond this is set at 111.11%.
Issuance favoured reverse convertibles, which were mainly issued by Barclays Bank. Apple equity, which was the most popular reverse convertible underlying in 2007, appears to be making a com