In February, 94 products (including flow, but excluding leverage and private banking) worth an estimated JPY163.4 billion (USD1.3 billion) were added to the SRP Japan database.
Eighty-seven products worth JPY146.5 billion had strike dates in February. The best-seller was a Nikkei linked autocallable note from SMBC Nikko Securities that sold JPY10.15 billion. The product offered a fixed coupon of 3.3% per annum for the first quarter of investment. Every subsequent quarter it pays a coupon of the same amount if the index closes at or above 80% of its initial level, or 0.1% pa otherwise. Svensk Exportkredit is the issuer while Citigroup Securities is the derivatives manu
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