US wrap: Reverse convertibles see recovery in volumes
Issuance has shifted back to reverse convertibles, mainly issued by JP Morgan, which has been a growing presence in the market in recent offerings. Two of its products are based on the stocks of large US banks.
One of these products is a one-year reverse convertible based on Goldman Sachs. It pays an annual return of 10.25% and has a 75% downside barrier after which capital is lost at the rate of 1:1.
The riskmap rating on the product is 4.2, which is a moderately low score, reflected by the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Structured products
Regulation
ECB grants post-Brexit reprieve on large exposures limit
Exemption for intra-group exposures to UK will be preserved pending a decision on equivalence
Receive this by email