Bank of America offers digital payout while three issuers compete with leveraged S&P 500 products
Barclays reverse convertibles dominate the latest US structured product offerings, but there is also diversion into digital payouts and leveraged returns
The latest round of structured products issuance in the US reaffirms the market's love of reverse convertibles, which fell out of favour at the end of last year but have regained their top spot. The majority of the current crop are issued by Barclays Bank and feature a diverse range of underlyings.
One surprising appearance in the offerings is a digital product from Bank of America that is based on three underlying indexes: the MSCI EAFE, MSCI Emerging Markets and S&P 500. Digital payouts are
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