The latest issuance is dominated by reverse convertibles, the majority of which come from Bank of Montreal (BMO), a less prolific issuer in the US market than many of its competitors.
There are a couple of names that appear more than once as underlyings. Lululemon Athletica is used by both BMO and JP Morgan as an underlying for a reverse convertible.
BMO's product has a six-month term, pays a 15% annualised rate and has a 75% downside barrier. JP Morgan's product has a three-month term, an annua
The week on Risk.net, July 7-13, 2018Receive this by email