US Wrap: Baskets offer mutliple country exposure

world in hands
Basket product give worldwide exposure

After some large issuance volumes of late, this week has seen more moderate offerings and the latest tranche is made up almost solely of accelerated growth products, with only one staple reverse convertible, issued by Citi.

Bank of America has issued a product that provides exposure to three markets; Europe, Asia and the US. The product has a two-year maturity and provides 200% participation in an equally weighted basket of the Eurostoxx 50, Nikkei 225 and S&P 500, with a cap at 20–24%.

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