US Wrap: Retail ideal for those with risk appetite

Retailers are used for Barclays reverse convertibles

After a quiet period for new issuance, the US market has returned to form. But there is still only one issuer in the running and that is Barclays. The reverse convertibles issued by the bank show a tendency towards using retailers as an underlying.

The Reverse Convertible Notes linked to Guess, the clothing brand, are one-year investments paying an annual rate of 8.5%. There is an 80% protection barrier, after which capital will be lost at the rate of 1:1. Recent reports have predicted the desig