Tenors get tastier as Bank of Montreal launches Abercrombie & Fitch reverse convertible

Achievement on beach
How long is that product tenor?

Tenors have been extended even further in the US public issuance market, with the six-year principal-protected note based on the S&P 500 index registered with the Securities and Exchange Commission (SEC) by Morgan Stanley surpassing the five-year product with the same structure and underlying registered by Goldman Sachs the previous day.

Three more banks have followed the lead of Goldman in registering five-year products with the SEC. The investments are all based on the S&P 500 and include an

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: