US Wrap: ABN cuts in to reverse convertible space
The week's other structure of choice - accelerated growth - also made an appearance, this time from Morgan Stanley. The bank has issued a note that offers 150% participation in the S&P 500 index over two years, subject to a cap of 76-79% and including a 70% soft protection barrier.
Issuer
Product type
Underlying
Pricing date
Maturity date
Morgan Stanley
Accelerated growth
S&P 500
May 2009
May 2011
ABN Amro
Reverse convertible
Home Depot
May 13, 2009
Nov 18, 2009
ABN Amro
Reverse convertible
Target
May 13, 2009
Nov
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