US wrap: JP Morgan offers access to embattled leisure sector

JP Morgan product tracks shares in Royal Caribbean Cruises

Issuance volumes have been improving this past week but the recovery has stalled with just two products offered into the US public market in the latest issuance.

The first product is from JP Morgan and is a reverse convertible based on the performance of Royal Caribbean Cruises. Stocks linked to the US leisure sector have fared badly over the past couple of months – Royal Caribbean Cruises' shares are down 33.5% from April. The riskmap score for this product is low at 2.5 but the volatility for