US wrap: Reverse convertibles back in vogue as volumes recover

Goldman Sachs products track US benchmark

Reverse convertibles, the staple of the US structured product market, are once again in the ascendant, while the number of products in the latest issuance has also crept back up to more normal levels. However, JP Morgan is responsible for the most products in this issuance, which is not the usually the case.

One of the products from JP Morgan is a six-month reverse convertible based on the stock of Schlumberger, an oilfield services provider that some reports have suggested might be able to shed