US Wrap: UBS puts in an appearance with S&P 500 based straddle product

Citi Funding issued a principal protected note, and the Swedish Export Credit Corp chimed in with an accelerated growth product. Citi's due 2014 Safety First Investments Principal-Protected Trust Certificates are hybrid investments that combine characteristics of equity and fixed-income instruments.

The certificates are not a suitable investment for investors who require fixed-income payments since no interest payments or investment returns, if any, will be paid during the term of the certificate

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