Launch of US equity recovery products continues despite falls
Distributors are continuing to market structured products that bank on a recovery in equity markets in the face of continued declines, with Barclays Bank issuing a three-year product on the back of optimism following Barack Obama's inauguration.
Barclays' growth product is designed to capitalise on a rapid recovery in US markets and aims to provide a return of double any rise in the S&P 500 index, limited to a maximum of 50% on the nominal value. The final index level is averaged daily over the
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