US Wrap: Goldman Sachs joins offering with accelerated growth product

The focus is yet again on reverse convertibles in the US market, with Goldman Sachs' accelerated growth product based on the S&P 500 adding some diversity to the offerings.

The Leveraged Buffered Index-Linked Notes Linked to the S&P 500 Index are two-year products offering 150% market participation, with a cap at 21–24%. There is a 10% buffer, after which capital will be lost at the rate of 1:1.

Of the large amount of reverse convertibles issued by Royal Bank of Canada, there are two based on