Banks offer more chances for leverage in latest SEC filings
Ten leveraged return structures from four different issuers in the latest SEC filings show that a degree of risk appetite has returned to the market
Leveraged return notes offer some structural diversity from the usual run of reverse convertible filings with the US Securities Exchange Commission (SEC), for the week ending June 15.
Barclays Bank, UBS, Bank of America Merrill Lynch (BAML) and Goldman Sachs all offered investors the chance to receive leveraged returns.
But issuers decided to play safe, with seven of the 10 leveraged return notes linked to the S&P 500. Goldman Sachs was the only issuer that ventured beyond this underlying, to
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