US Wrap: Growth products lead the pack

Barclays Bank and Eksportfinans were the only two issuers in the beleaguered reverse convertible space. Barclays is offering a six-month product linked to the equity of US homeware retail chain Bed Bath and Beyond, with an 11% annualised coupon paid monthly, and a 65% barrier before investors are repaid in shares. Eksporfinans's product also has a six-month maturity and will be sold by Wachovia Capital, with 70% downside protection linked to the performance of a SPDR trust.

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