US Wrap: US & Asia plays close week
A mix of nine different US and Asian equity plays brought the US market to a close last week. Citi launched two new notes - both a reverse convertible and an accelerated growth note. The latter was linked to the performance of the S&P 500 index, offering 200% participation over two years with the return capped at 26-30%.
HSBC added offered a product linked to the iShares FTSE/Xinhua China 25 Index Fund, which pays a bullish 500% participation in the fund with the return capped at 60% with no downside protection. Morgan Stanley included an accelerated growth product based on funds in South Korea and Taiwan.
Issuer
Product type
Underlying(s)
Pricing date
Maturity date
J P Morgan Chase
Accelerated Growth
S&P 500
Aug 26 2009
Nov 30 2010
Citigroup Funding
Reverse Convertible
American
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