Issuance volumes have jumped in the US, with yesterday recording one of the largest number of single issuances this year. With such a large size, there is obviously a lot of variance of product, underlying and issuer.
Morgan Stanley, an infrequent player in the US market, has issued a review product based on the S&P 500. The two-year product has one review date in October 2012, at which point if the index is at or above its initial level the product will mature early and pay a return of 16% plus
The week on Risk.net, July 7-13, 2018Receive this by email