US Wrap: Citi offers up two reverse convertible trades

ABN Amro contributed another single reverse convertible to the market, linked to Las Vegas Sands group, offering a juicy headline rate of 25.2% annualised over six months. The note appeared alongside a more cautious autocallable play on the S&P 500 which will kick out with a return of 16% after two years provided that the index is at 100% of its value at product open. It incorporates a 20% downside buffer, after which capital loss will be 1:1.

Credit Suisse turned to oil services exposure for it

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