US Wrap: S&P MidCap provides the underlying for two products
There was more variety on offer in the US public market yesterday, with the S&P MidCap 400 providing the underlying for products from two different issuers.
JP Morgan's accelerated growth product is based on the mid-cap index. The Buffered Return Enhanced Notes are one-and-a-half-year investments that offer a 200% participation in the index, with a cap at 13.75–17.75%. If the index falls by more than 15% from its strike level, capital is at risk and will be lost at a rate of 1:1. The index is
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