One of the headlines this week was Car rental firm Hertz filing for bankruptcy protection in the US as a result of the coronavirus pandemic. We look at what products are ‘under the Hertz bonnet’ as well as the usual selection of new structures striking this week.
Hertz said in a US court filing on Friday that it had voluntarily filed for Chapter 11 reorganisation. Its international operating regions including Europe, Australia and New Zealand were not included in the US proceedings The share of Hertz is used as underlying for 72 live primary market products , which are distributed across six different markets, according to SRP data. Four of those structures , worth a combined US$3.48m, were sold in the USA via SG Structured Products (two), JP Morgan (o
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