US Wrap: Moving away from the S&P benchmark index

Diversification from products based on the S&P 500 marked last Friday, when six products were launched in the US Market, only two of which were based on the benchmark index. JP Morgan's Enhanced Return Strategy product was linked to the iShares MSCI Eafe Fund. The underlying index is made up of 21 sub-indexes from developed markets outside North America, containing 1,137 securities in total. Participation in the fund's performance is 500% with no principal protection at the end of the product's one year life.

Issuer

Product type

Underlying

Pricing date

Maturity date

J P Morgan Chase & Co

Accelerated Growth

MSCI Eafe fund

Feb 24 2009

Mar 03 2010

ABN AMRO Holding NV

Reverse Convertible

Microsoft

Feb 12 2009

Aug 18 2009

ABN AMRO Holding NV

Reverse Convertible

General Electric

Feb 12 2009

Aug 18 2009

ABN AMRO Holding NV

Reverse Convertible

US Bancorp

Feb 12 2009

May 18 2009

ABN AMRO Holding NV

Reverse Convertible

Netflix

Feb 12 2009

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