HSBC launched an S&P-500 linked growth product with no principal protection, but this increases upside participation to 500% over one year, up to a cap of between 25-29% (with the exact level to be set at strike.) Morgan Stanley's product links to the Russell 2000, and offers a considerably lower 200% participation rate, but does incorporate a 15% downside buffer.
Apr 30 2009
Nov 05 2010
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