While the Covid-19 pandemic wreaked havoc on markets in 2020, underlyings tied to the US transportation sector such as Boeing, Delta and Uber emerged as unlikely activity drivers, according to SRP data.
A total of 470 (US$1 billion) structured products linked to the transportation sector were issued in 2020, compared with 392 (US$750m) products in 2019, 386 (US$760m) in 2018, 375 (US$490m) in 2017, and 169 (US$257m) in 2016. The most popular underlyings in the SRP database include Boeing with 148 products worth US$303m, Uber Technologies with 116 products worth US$274m, Delta Air Lines with 84 products with a sales volume of US$260m, United Airlines Holdings with 40 products valued at US$140m,
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