Overall, product scope broadened considerably. BofA also launched a kickout product linked to the iShares MSCI Brazil Index Fund which promises to pay a coupon of 15-19% after one year, while including 10% downside protection.
Principal protected products are also beginning to make more regular appearances as volatility eases off, making options slightly cheaper and giving room to add guarantees. BoA and JP Morgan launched principal protected notes linked to the S&P 500 index, both 100% capital
The week on Risk.net, July 7-13, 2018Receive this by email