US wrap: Issuance remains low and focused on S&P 500
The latest issuance remains dominated by accelerated growth products based on the S&P 500, although the S&P MidCap 400 makes an appearance for the second time this week.
The S&P MidCap 400 is a well-known index in the US but is rarely seen in structured products, which tend to offer exposure to non-large-cap US equities via the Russell 2000 index.
The Accelerated Return Notes Linked to the S&P MidCap 400 Index are issued by Bank of America, have a maturity of one year and two months, and offer
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