Food, technology and ETF underlyings feature in latest US structured product filings

Bank of Montreal reverse convertible links to Whole Foods Market

Upscale US organic grocery store Whole Foods Market has made a rare appearance as a structured product underlying after Bank of Montreal filed a reverse convertible linked to its stock with the US Securities and Exchange Commission on April 23. The product has a short tenor of just three months and pays an annualised rate of 9.01% with a 70% downside protection barrier.

JP Morgan, Morgan Stanley and UBS have all chosen exchange-traded funds (ETFs) as the basis for structured products in their fi

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