SRP reviewed the most used underlyings in 2024, both in Europe and in the Swiss market.

Some 308,423 structured products (excluding flow) worth an estimated US$227 billion were issued across 23 different European markets in 2024 – an increase both by issuance and sales volume compared to 2023 when an estimated US$204 billion was gathered from 266,901 products (excluding flow). Almost 90% of the total issuance ( 271,507 products ) in 2024 was sold in the Swiss market. We break the sample into Europe, excluding Switzerland and Switzerland on its own for clarity. Europe (exclu