US wrap: Issuance remains low and focused on S&P 500

Private equity firms scan market for take-privates
US issuance gives access to large and small-cap stocks

The latest issuance remains dominated by accelerated growth products based on the S&P 500, although the S&P MidCap 400 makes an appearance for the second time this week.

The S&P MidCap 400 is a well-known index in the US but is rarely seen in structured products, which tend to offer exposure to non-large-cap US equities via the Russell 2000 index.

The Accelerated Return Notes Linked to the S&P MidCap 400 Index are issued by Bank of America, have a maturity of one year and two months, and offer 3

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