Product performance

Product performance

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Reviewed this month are a six-month reverse convertible linked to the common stock of Morgan Stanley, an accelerated growth product linked to the common stock of Sohu.com and a six-year principal-protected note linked to the performance of Limited Brands.

Reverse convertibles are a perennially popular structure in the US market. Once such a product has struck, the best outcome for investors is one in which no barrier breach occurs. If the volatility of the underlying stock falls after the

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