The S&P 500 index is returning to dominance in the US market as the underlying of choice for resurgent accelerated growth products. In recent issuance, it was the underlying for five of the structures, and also underpinned an autocallable plan.
Merrill Lynch Pierce Fenner & Smith has opted to use the external credit of Swedish Export Credit in its product. Upside gearing was still high despite the additional security. The note lasts just over one year and pays 300% participation in the index, al