The Russell 2000 index is enjoying increasing popularity as an underlying in the US retail structured products market. The S&P 500, made up of large cap stocks, has dominated over the past 12 months, but the mid cap Russell enjoyed a minor resurgence in the past few days' issuance. HSBC and JP Morgan have both put new products into the market linked to the index in an assortment of maturities.
JP Morgan has structured an 18-month note that pays 200% participation in the Russell, up to a cap of 2
The week on Risk.net, July 7-13, 2018Receive this by email