The note, which will be sold through Merrill Lynch, gives investors 300% participation in the index, up to a cap of between 13 -17% returns in a year and three months. No downside protection is on offer. It is a stark contrast to the issuance of the last week, which was dominated by dozens of reverse convertibles linked to US equity.
Bank of America
Source: Future Val
The week on Risk.net, July 7-13, 2018Receive this by email