NBC: callable income structures grow exponentially

The investment bank of National Bank of Canada (NBC) has reported an influx of autocallable contingent income products in the past year with optimal market and pricing conditions boosting monthly distributions. According to Vincent Marquis ( pictured ), managing director at NBC, the firm shifted its offering towards income notes with deeper barriers, citing a significant investor need to which it adjusted accordingly. “A lot of investors are comfortable with the type of barriers that we