Knockouts linked to basket of indices and reverse convertible notes (RCNs) were the most used payoffs by sales volume and market share (US$57.7 billion, 17.9%) in 2020, replacing range and accrual. Leverage long/short with stop loss stay on top by issuance (18,799/13,902) as Hong Kong SAR's callable bull/bear contracts (CBBCs) continue to dominate issuance.
The sales volume of autocallable structures in Asia Pacific (Apac) increased by 80.2% from 2019 – autocallables linked to baskets were deployed in 3,263 products (2,789 in Hong Kong SAR and 474 in Japan). The combination of knockout, reverse convertible and worst of option , which raised an estimated US$52.8 billion (16.3%) in 2020, climbed by 41.1% to 2,961 from 2019 – 2,744 in Hong Kong SAR and 218 in Japan. Ranked third was the range structure , which appeared in 2,308 no
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