US Wrap: Barclays continues reverse convertible momentum
The same themes are making consistent reappearances in the reverse convertible market - energy, agriculture and oil being three, with the latter including drilling stocks as remaining oil reserves become increasingly difficult to find. Credit Suisse and JP Morgan added three products to Barclay's deluge of notes, two autocallable products linked to the S&P 500, and an extra reverse convertible from JP Morgan which links to Transocean, an offshore drilling company.
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