BofA's note showed how structuring margins are currently constrained by market conditions, as a 10% downside buffer leaves the investor with a participation rate of 134.2%. However, the three year investment has no upside cap. JP Morgan's leveraged note offers a participation rate of 200% over one year with an upside cap of 17.5% and the same downside protection as BofA's note.
JP Morgan Chase
The week on Risk.net, July 7-13, 2018Receive this by email