US Wrap: UBS joins reverse-convertible rally

UBS has joined the latest trend for reverse-convertible issuance in the US by launching its own handful of the notes. The eight new products are mostly a variety of commodity and energy access trades, including both renewable energy, in the form of First Solar, and more traditional methods of production such as Arch Coal.

The single exception to this was the note linked to the stock of Las Vegas Sands. The casino resort group appears to be the riskiest bet on offer, as it pays by far the highest

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