US wrap: Reverse convertibles see recovery in volumes

wall-st
Access to US banks provided through reverse convertibles

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 fac

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: