US Wrap: Scope broadens for growth products

Accelerated growth products using four different underlyings were launched by three different issuers into the US market yesterday. The new products included leveraged participation in the iShares MSCI Eafe (international equity) index fund, and the iShares MSCI Emerging Markets index fund, alongside two US equity plays: the staple S&P 500 and the Russell 2000 index.

Two providers offered products using the external credit of either Eksportfinans or Swedish Export Credit Corp: Morgan Stanley and Merrill Lynch. Citigroup launched a lone reverse convertible which gives investors exposure to Comcast equity - the note lasts one year and will pay between a 10-13% annualised coupon, with the exact level to be determined at pricing.

Issuer

Product type

Underlying

Pricing date

Maturity date

Swedish Export Credit Corp

Accelerated Growth

S&P 500

Jun-09

Sep-10

Morgan Stanley

Strad

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here