Reverse convertibles have re-established themselves as US investors' preferred structure. For some months, index-linked products were the most popular but the latest offerings have tipped the balance back in favour of the single-stock reverse convertible.
The structure is always the favoured product of Barclays Bank, which has issued a reverse convertible linked to coal mining company Massey Energy. The three-month product offers an annualised return of 20% with a 78% downside barrier, after whi
The week on Risk.net, May 12-18, 2018Receive this by email