The month saw a significant shift to capital-at-risk products while autocall products reached their highest market share since November 2024.

Sixty-eight publicly offered structured products collected an estimated £137m (US$184m) in May. Sales increased by 40% compared to April (£98m); year-on-year (YoY) volumes were down -2.1%. The average monthly sales figure for the past 12 months is £132m. The number of new products was up one month-on-month (MoM) but fell by 21 compared to May 2024 when 89 products were issued. Average issuance for the past 12 months remained stable at 72 products per month. Fifty-two of the