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 is protected by a 15% downside buffer.
The week was dominated by new reverse convertibles, punctuated mid-week by an issuance freeze. Forty-one new reverse convertible notes were launched into the market, the majority from Barclays Bank.
Issuer
Product type
Underlying
Pricing date
Maturity date
Morgan Stanley
Accelerated Growth
S&P 500
Feb-09
Feb-11
Source: Future Value Consultants & SEC filings
For access to analysis of the US structured product market, visit www.structurededge.com
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