US Wrap: BofA looks to China for growth prospects

Bank of America has launched an accelerated growth note linked to the FTSE/Xinhua China 25 Index. The note lasts two years and pays 200% participation in the index up to a cap of 158.6%. It also incorporates a downside buffer of 10%.

The note was accompanied by a raft of accelerated growth structures, which made up 12 of the 16 investments launched yesterday. Over half were linked to the S&P 500 index. Credit Suisse as usual offered some of the highest participation rates, set at 500% for the two notes it launched, which had either an 18 or 15-month maturity.

Three providers issued a handful of reverse convertibles for the remaining launches, with JP Morgan delivering a note linked to United Parcel Service. It pays an