US Wrap: Issuers get bullish on S&P 500 recovery

Credit Suisse's latest in its Bares (Buffered Accelerated Return Equity Securities) range offered a 600% participation rate in index gains, with 111% downside participation. Returns are capped at somewhere between 22-25% and the investment lasts just over one year. The remaining three products offer leveraged participation rates of either 300% or 500%.

Morgan Stanley's reverse convertibles are linked to a SPDR Trust, a type of listed fund, and the stock of Kroger, a US retail food chain.


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