Feature
Meteor presents Société Générale with a kick-out
Meteor Asset Management has launched a new kick out plan with index triggers which fall as the product progresses. The Prima Plus 6 Kick Out Growth Plan, issued by Société Générale, lasts 10 years and is linked to the performance of the FTSE 100 and DJ…
US Wrap: Goldman offers Exportfinans and Emerging Markets
Goldman Sachs has launched a new accelerated growth product linked to the MSCI iShares Emerging Markets Index fund, using the external credit of Eksportfinans. The one-and-a-half year trade offers 250% participation in the performance of the fund, up to…
CDS: Bank spreads narrow
Credit default swap 5-year mid-levels for structured products issuers (Wednesday April 22)
S&P offers interest rate arbitrage indexes
Index provider Standard & Poor's has launched the S&P Forward Interest Rate Arbitrage Index series, which is designed to provide exposure to interest-rate based investment strategies. The index series, which will comprise indexes for seven countries…
CDS: Spreads widen further on financials
Credit default swap 5-year mid-levels for structured products issuers (Tuesday April 21)
US Wrap: JP Morgan offers investors the lesser option
JP Morgan has launched a three-year kick out note which pays investors the lesser performance of the S&P 500 or Russell 2000 index if it does not autocall. The Lesser Performing Index Single Review note includes just one observation date 12 months into…
iShares continues fixed income ETF run
iShares has launched four new fixed income ETFs, adding to the four launched by the fund provider last month as it continues to build its business in the asset class. The new funds, which are listed on the London Stock Exchange (LSE), offer exposure to…
Credit Suisse agrees to compensate Lehman product investors
Credit Suisse has agreed to pay compensation to a further 1,700 clients who invested in Lehman Brothers capital protected products. The Swiss bank, as a gesture of goodwill and without acknowledging any legal obligation, reached an agreement with the…
CDS: US bank spreads widen
Credit default swap 5-year mid-levels for structured products issuers (Monday April 20)
Keydata offers choice of counterparty
UK distributor Keydata has launched issue 16 of its Dynamic Growth Plan Plus, which is designed to provide exposure to the FTSE 100 index. The plan has two options, each backed by a different counterparty.
US Wrap: Barclays makes energetic leap into reverse convertibles
Barclays launched 27 reverse convertibles into the US market at the close of last week, making it one of the busiest days in the market so far in 2009. The notes range in duration from three months to a year and cover several sectors, including retail…
BofA Merrill Lynch, Goldman and MS launch European ETP initiative
Source, an open architecture exchange traded product (ETP) platform created by Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley, has launched 13 ETFs and 22 ETCs (Source T-ETCs) for European investors. The platform has been created with…
Investec rolls out eighth tranche of products
Investec has rolled out the latest versions of its product range, continuing a successful run among UK investors. The launch includes a new capital guaranteed offering structured around a deposit which pays income linked to the performance of the FTSE…
CIMB launches China recovery structured fund
CIMB-Principal Asset Management Berhad has launched its China Recovery Structured Fund, which aims to provide exposure to China equity and take advantage of the possibility of an economic recovery in China over the next five years.
US Wrap: Wells Fargo finds favour following fine financials
Projections released last week by Wells Fargo that it will record a US$3 billion net income in the first quarter of 2009 were so well received by the stock market that the bank has again been used as an underlying, this time for a reverse convertible…
CDS: Spreads narrow on US banks, BofA trading at 240bp
Credit default swap 5-year mid-levels for structured products issuers (Thursday April 16)
Keydata offers kick-out for the first time
Keydata, the UK structured products distributor, has launched its first autocallable structured product. The five-year plan is linked to the FTSE 100 index and has 50% soft capital protection.
Meteor adds to Prima series
UK distributor Meteor Asset Management has launched the 15 th version of its Prima Kick-out Growth Plan, which is designed to provide exposure to the FTSE 100 index. The trade is issued by AAA-rated Rabobank.
CashCade offers choice between cash and index returns
Cashcade Financial, a joint venture between Meteor Capital Holdings and actuarial consultancy Intersolve, has launched its CashCade Deposit Plan which is designed to allow investors the choice of linking the interest payment between either the FTSE 100…
US Wrap: Post-holiday rush sees reverse convertible flurry
ABN Amro issued nearly all the 13 notes issued in the US yesterday, of which 11 were reverse convertibles linked to a variety of the usual suspects, such as US Steel, JP Morgan, Freeport, Caterpillar and Wells Fargo, and the slightly less common…
US Wrap: Easter money is on US equity alongside rare commodity note
There were 15 new issues in the US market over the Easter period, with all but one offering exposure to US equity. New launches since last Thursday included a mix of reverse convertibles and accelerated growth or kick out structures linked to the S&P 500…
CDS: European financials widen
Credit default swap 5-year mid-levels for structured products issuers (Monday April 13)
CDS: US and European banks widen
Credit default swap 5-year mid-levels for structured products issuers (Wednesday April 15)