Tesla-linked equity-linked securities (ELS) sales surge, while fully capital-protected autocallables wrapped in equity-linked bonds (ELBs) are gaining momentum.
Sales of structured products in South Korea rose to KRW6.88 trillion (US$4.84 billion) in September, up over 57% from a year ago and 8.7% from the previous month, according to SRP data. Equity-linked securities (ELS), also known as capital-at-risk autocallable notes, saw sales jump 29% to KRW2.2 trillion on both a year-on-year and month-on-month basis. South Korea: sales of structured products by wrappers (KRW trillion) Source: SRP Equity-linked bonds (ELBs), the capital-protected version o