There was an even split between reverse convertibles and accelerated growth products issued for the US market yesterday. Royal Bank of Canada and Citi both issued four products and Goldman Sachs and Credit Suisse have also joined the issuance.
Credit Suisse's product is Buffered Return Enhanced Notes linked to the S&P 500. It is a one-year accelerated growth product, offering 200% participation in the index, with a maximum return of 11.44%. If the index falls by more than 10% capital is lost on