Domestic equities are back in favour for US structured product issuers. Having branched out into foreign equities earlier in the year, the uncertain financial climate has pushed offerings back to the safety of tried-and-tested benchmarks.
The S&P 500, which is the most popular index underlying in the US, provides the basis for four products: two review structures and two accelerated growth structures.
Some issuers have passed over the S&P 500 while still offering access to US equities, however.
The week on Risk.net, May 12-18, 2018Receive this by email