US Wrap: Issuers turn to basket-linked products

Baskets of underlyings are used in three products in the latest issuance, and gold and other commodities are popular, perhaps signalling a move away from equities in the US market.

The Principal Protected ProNotes issued by Credit Suisse are based on the iShares Barclays 20+ Year Treasury Bond Fund (25%); the MSCI EAFE Index Fund (10%); the MSCI Emerging Markets Index Fund (5%); the S&P 500 (50%) and the SPDR Gold Trust (10%).

They are five-year notes with a 130% participation rate as long as th

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: