US Wrap: Equity bulls come out in force with growth structures

One of the most highly leveraged products was from Goldman Sachs, which sees downside participation not only creeping above 100%, but beyond the 111.11% which has been common recently, to 142.86%. The 18-month product allows investors to participate 300% in gains in the S&P 500 index, with a 30% downside buffer. Returns are capped at 21%, which if reached constitutes a 12.74% annualised coupon. None of the six products lasts more than 18 months or features any downside protection greater than 30

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