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Skipton launches principal protected play
Skipton Building Society has launched its Double Guaranteed Asset Bond, which is designed to provide exposure to the FTSE 100 index.
Keydata unveils new income trade
UK distributor Keydata has launched issue 26 of its Extra Income Plan, which is designed to provide exposure to the FTSE 100 index. The trade will pay a monthly income of 0.67% (8.04% per annum).
CDSs on banks under UK asset protection programme widen
The cost of credit protection on UK banks rose marginally this morning. As the deadline of March 31 for UK banks to sign up to the government's asset protection programme approaches, banks already participating in the scheme saw their CDSs widen the most.
US Wrap: Multiple issuers pile into S&P 500 exposure
Thirteen products have been offered by eight different issuers in the US structured products market over the past two days. Out of this offering, 10 have been linked to the S&P 500 index, including a range-bound structure from Morgan Stanley. The 100%…
CDSs referencing US banks widen
The cost of credit protection on US banks continued to rise yesterday, following Treasury secretary Timothy Geithner announcing a plan to relieve US banks of toxic assets on March 23. Some analysts believe Geithner's plan still lacks detail, particularly…
MSCI launches factor indexes
Index provider MSCI Barra has launched the MSCI Europe Momentum Tilt Index and the Europe Value Tilt Index, which are designed to be weighted towards stocks that are exposed to fundamental factors. The indexes are designed to be licensed as the basis of…
US Wrap: JP Morgan turns to Europe for growth
JP Morgan has launched an accelerated growth product based on European exposure, as reverse convertible issuance eases off again. The structure, which links to the DJ Eurostoxx 50, is the first of its kind from any issuer this year, as the index…
Blue Sky gets defensive with latest autocallable
Blue Sky Asset Management has launched the third tranche of its FTSE-linked kick-out product. The Capital Accumulator Auto-Call Plan - Defensive Series III, which lasts six years, redeems on its first anniversary with a 7% return, provided that the FTSE…
US Wrap: Market snaps into action to kickstart week
The US market sprang to life yesterday, offering 10 new products, the majority of which were reverse convertibles, with Barclays Bank using the structure to give investors exposure to three different commodities: gold, silver and oil, each represented by…
Arc looks East with Russian product
Arc Capital and Income has unveiled a new product for UK investors linked to Russian companies trading on the London Stock Exchange. The product began as a bespoke offer for advisory firms and is now being rolled out to retail clients with a minimum…
US Wrap: Accelerated growth dominates again as exposure stays narrow
Accelerated growth products continued to be the dominant theme in the US yesterday, although four days of consecutively exclusive issuance of the structure were broken as one principal protected was launched. Exposure was resolutely narrow, with all six…
US Wrap: Alternative structures fail to break accelerated growth run
Yesterday marked the fourth consecutive day in the US structured products market which saw accelerated growth structures make an exclusive appearance. Two products were linked to the S&P 500 index, issued by JP Morgan and Deutsche Bank, with the latter…
SunTrust broadens exposure with deposit product
SunTrust Bank has launched a certificate of deposit (CD) for US investors which offers exposure to a World Basket of US, Japanese and European equity indexes. The five-year CDs pay a minimum fixed return of 3% at maturity, plus 100% of initial investor…
US Wrap: S&P 500 slips into minority as issuers hit the accelerator
Accelerated growth structures put in another strong appearance yesterday, representing the only structure on offer in five new issues for the second day in a row. The S&P 500 was an underlying for only one of the structures, as exposure continues to…
Morgan Stanley launches protected growth plan
Morgan Stanley has launched the latest tranche of its FTSE Protected Growth plan, which is designed to provide exposure to the FTSE 100 index with 100% capital protection. The six-year trade offers 100% participation in any positive performance of the…
US Wrap: Equity bulls come out in force with growth structures
Accelerated growth products were the only structures to be launched in the US market yesterday, linking to both international and domestic equity. International exposure was provided by two products linked to the iShares MSCI Eafe Index fund. It was…
Meteor proffers Prima Kick-out Growth Plan 14
UK distributor Meteor Asset Management has launched its Prima 14 Kick-out Growth plan which is designed to provide exposure to the FTSE 100 index. The trade is issued by the triple A-rated Rabobank, and is the second product this week that the Dutch bank…
US Wrap: HSBC looks back as JP Morgan dominates distribution
HSBC launched four autocallable products linked to the S&P 500 index yesterday, each offering different levels of risk and reward. The products range in maturity from one to two years, and one features downside gearing of 111.11%. Two of the HSBC notes…
Britannia rolls out guaranteed bond
UK distributor Britannia International has launched the eighth issue of its Guaranteed Capital Bond, which is designed to provide exposure to the FTSE 100 index.
Jubilee sources credit quality
Jubilee Financial Products has launched issue one of its Early Redemption Plan, which is designed to provide exposure to the FTSE 100 index. The trade is issued by triple A-rated Rabobank.
S&P GSCI Index Commodity Swaps to clear on CME ClearPort
Standard & Poor's has signed a licensing agreement with CME Group to clear swaps on the S&P GSCI Excess Return Index.