As we approach the year end, we look at the best payoff types of structured products issued year-to-date (YTD) across the US, Canadian, and Latin American markets.
The combination of knock out and reverse convertible continued to dominated in the US market YTD with sales volume amounting to US$10.6 billion across 5,006 structured products. This represented a 42.4% decrease in sales from the prior-year period. The knockout payoff appeared in 12,929 products , down 14.4% year-on-year (YoY), while sales totalled US$32 billion. The top issuer groups of autocall products include J.P. Morgan (3,210 products/US$5.1 billion), Morgan Stanley Citigroup (1,699 produ