Feature
Investec rolls latest offerings off production line
Investec Structured Products has launched its seventh suite of structured trades comprising accumulation, investment and income plans all linked to the FTSE 100 index. In the income category is the five-year FTSE 100 and RPI Combination Plan 6, which…
Double-short ETFs launched to hedge market falls
EasyETF, the exchange-traded fund (ETF) provider, has listed five new funds on NYSE Euronext Paris. Three of the funds offer double leverage on the downside of European equity indexes, as a means of providing a hedge against further market falls.
CDS: US and European banks continue to tighten
Credit default swap 5-year mid-levels for structured products issuers (Thursday February 26)
CDS: Banks tighten after midweek blow out
Credit default swap 5-year mid-levels for structured products issuers (Tuesday February 24 & Wednesday 25)
US Wrap: Reverse convertible issuance slows from dominant providers
Reverse convertibles made up five of the eight new products issued in the US market yesterday, signalling a continued uptick in the structure's popularity. However, it appears that the most aggressive providers are showing more caution than they were…
US Wrap: S&P 500 exposure for the cautious and the confident
Two different plays were offered by Morgan Stanley on the S&P 500 yesterday, catering for conservative and more aggressive outlooks. One is a five-year principal protected note which offers 100% participation in the index and a capped return of 67-77%…
CDS: US bank levels blow out
Credit default swap 5-year mid-levels for structured products issuers (Friday February 20)
CDS: European banks continue to widen; US banks tighten
Credit default swap 5-year mid-levels for structured products issuers (Monday February 23)
US Wrap: Single S&P 500-linked product closes erratic week
Morgan Stanley issued a single product to close the US structured products week on Friday. The product banks on a bullish trend in the S&P 500, offering 200% participation in the index over two years up to a capped return of between 46% and 52%. Capital…
Fraud wreckage emerging at an alarming rate
Editor's blog
US Wrap: Reverse convertibles strike back on February’s busiest day
The US market had its busiest day of the month yesterday, waking up a moribund week. The 30-product flurry consisted of 25 Barclays-issued reverse convertible notes.
US Wrap: Barclays presents in quiet markets
Signs of life appeared in the US market yesterday following zero issuance on Tuesday. Barclays Capital launched four reverse convertible notes, confirming the revival of the structure. One of the products was linked to the equity of Burger King, amid…
CDS: Citi continues to widen
Credit default swap 5-year mid-levels for structured products issuers (Thursday February 19)
CDS: Citi leads widening; RBS stable
Credit default swap 5-year mid-levels for structured products issuers (Wednesday February 18)
US Wrap: Mid-week freeze
With tumbling equity markets pushing the S&P index down 4%, yesterday turned out to be the right day for no issuance in the US market. Despite continued volatility, the past week has seen reverse convertibles making a comeback: the poster child of US…
JP Morgan launches autocallable gold-linked certificate of deposit
JP Morgan has launched a new certificate of deposit (CD) for US investors linked to the price of gold, as the precious metal's price continues to climb. The CD kicks out as soon as the gold price, taken as the daily fixing level in US dollars per troy…
CDS: European banks lead widening
Credit default swap 5-year mid-levels for structured products issuers (Tuesday February 17)
US Wrap: ABN rounds off week of reverse convertibles with final note
The flood of reverse convertibles put into the US market on Thursday slowed to a trickle by the end of the week, as ABN Amro launched one note into the space linked to the stock of General Electric. The bank was a dominant presence in the reverse…
Morgan Stanley unveils cash collateralised and gilt-backed product
Morgan Stanley has launched a three-year structured product for retail clients which is both cash collateralised and backed by triple A-rated UK gilts to mitigate counterparty risk. The issuer has developed the plan in response to feedback from UK…
Minor recovery in January for Swiss market
Swiss structured product market volumes made a minor recovery in January, increasing moderately from the subdued December 2008 performance which saw volumes dip to their lowest numbers for the year.