The US investment bank continues to lead issuance and sales in the US registered structured note market in 2024 with US$21.1 billion sales recorded despite a minor decline in market share.
This compares to US$16.8 billion booked by the US banking giant twelve months ago, translating to a 25.6% increase year-on-year, SRP data shows. The registered structured note segment maintained its momentum in primary activities, closing the year of 2024 with total US$142.0 billion sales, a 41.7% increase from 2023. Accordingly, J.P. Morgan’s market share dropped to nearly 14.9% from 16.6% on an annualised basis. The issuer kicked off the year with lukewarm activity i