Structured Notes >>>
Sales of structured notes linked to the credit of Russian companies climbed to the highest in three years last month, as investors bet the country’s economy could weather emerging market turmoil and the crisis in the Ukraine. Click here to view the entire article.
Sales of structured notes betting that the largest U.S. banks will rise in value climbed to the highest since June, buoyed by the likelihood that an improving economy will lead to increased lending. Issuers sold $88.6 million of U.S. notes tied to the country’s six biggest banks, including JPMorgan Chase & Co. and Bank of [...]
Banks sold the most U.S. structured notes tied to Japanese stocks for any January since at least 2010 after unprecedented central bank stimulus contributed to soaring indexes and the yen’s slide against the dollar. Issuance of securities linked to indexes or funds of Japanese companies has totaled $64.6 million so far this month, almost four [...]
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Banks that sell U.S. structured notes may be pressed to further increase the complexity and maturities of the securities as their declining credit risk makes it harder to pay attractive returns. An average of five-year credit-default swap prices for the six largest U.S. banks dropped to a six-year low of 71.8 basis points on Jan. [...]
A regulatory push to make complex securities easier to understand could change how banks disclose risks for exchange-traded notes for the first time since they began trading in 2006. Lenders may not be adequately explaining to investors how they value ETNs, Amy Starr, head of the Securities and Exchange Commission’s capital markets trends office in [...]
Indexes that sometimes use complex strategies are attracting more interest from U.S. structured note buyers looking to diversify investments and beat this year’s stock gains. Investors bought $662.8 million of U.S. securities tied to proprietary bank indexes this year through Dec. 6, up 5 percent from the same period a year earlier, according to data [...]
U.S. structured note issuance is poised to gain for the first time in at least three years, propelled by securities tied to stocks as the Standard & Poor’s 500 Index soars to record highs. Banks have sold $37.6 billion of the securities through November, compared with $37.1 billion over the same period last year, according [...]
U.S. investors are buying a record volume of equity-tied structured notes that may be redeemed early, betting that stock values at an all-time high will keep rising. Banks sold $8.62 billion of callable U.S. securities tied to stocks this year, 39 percent more than a year earlier and the most since at least January 2010, [...]
Monthly sales of structured notes tied to interest rates fell to an almost four-year low last month as issuance of securities that pay a fixed coupon plunged. Banks sold $223.2 million of U.S. rate-linked notes in October, about half the total from a year earlier and the lowest sales since January 2010, when Bloomberg started [...]