From Calamos’ new autocallable ETF in the US to Ireland’s ESG-linked structured note and Maybank’s step-down autocall, here’s the weekly roundup brought by SRP News.

The US autocallable exchange-traded fund (ETF) market continues to thrive. Calamos extended its partnership with J.P. Morgan and MerQube by introducing its second autocallable fund last week, also the first of such to track the Nasdaq 100.

The fund is linked to an autocallable index referenced to the MerQube Nasdaq-100 Vol Advantage Index, which provides exposure to the Invesco QQQ Trust (QQQ) ETF with a volatility target of 35%, a six percent decrement level and a max exposure of five.

Marex Group outlined its expansion plans for the US, unveiling a structured notes proposition supported by a newly formed distribution team led by Scott Kerbel, who joins from Wells Fargo as head of US distribution, and has extensive experience across multi-asset derivatives and cash markets.

The United States Securities and Exchange Commission’s central emphasis in its 2026 priorities is the growing prevalence of complex, alternative, and higher-cost investment products in retail portfolios. In its 2026 examination priorities report, the division of examinations highlighted that these are areas of significant risk, noting that advisers and broker-dealers must demonstrate a robust understanding of these products and a disciplined approach in recommending them.

Meanwhile, Steward Partners, a 13-year-old hybrid registered investment advisor with US$46 billion in assets under management, is seeking to deepen its structured notes penetration three years after splitting off from Raymond James.

Erwan Fesquet returned to Société Générale’s corporate and investment banking division as vice president, structured investments sales based in New York, after a one-and-a-half-year stint at MassMutual.

In the European market, J.P. Morgan S.E. will begin listing its warrants and certificates on Nasdaq Nordic. The US issuer intends to introduce a broad range of exchange-traded products through a partnership with Nordnet Markets, which will be accessible via Nordnet’s platform to investors in Sweden, Finland, Denmark and Norway.

In the Ireland Market Review, an estimated €73m (US$85m) was collected from 15 publicly offered structured products struck in the third quarter of 2025. Davy captured almost 80% market share from three products that included the EUR Call Certificate linked to the Euro Stoxx 50 ESG Index, which with sales of €48.4m was the best-selling structure of the quarter by some distance. The product is Ireland’s first green bond ESG linked structured note. It is issued via BNP Paribas, and its return is capped at 120.32%.

Solactive launched Vontobel-issued certificates on the Solactive TC Quant EU 50 Index and the Solactive TC Quant US 50 Index, which offer exposure to quantitatively selected large- and mid-cap equities across Europe and the US.

Looking at Asia, Maybank has started issuing step-down autocallable notes in Malaysia as the bank looks to attract investors to price in potential market corrections via the new offering.

The product structure has seen US and Hong Kong-listed equities as the most-traded underlying exposures, as well as digital assets-related underlyings like iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA) with “growing investor appetite,” Sing Foong Ho, head of equity and commodity derivatives, told SRP.

Bank of Singapore has hired Claude Harbonn, former co-head of the ultra-high-net-worth solutions group at UBS Wealth Management, as head of investment advisory, who will assume the newly created role on 5 January 2026.

In South Korea, the regulators will now require mandatory education and mock trading for retail investors seeking to access high risk overseas derivatives like overseas leveraged exchange-traded products. The regulators highlighted that Korean individuals have continued to post sizeable losses in overseas derivatives every year regardless of market conditions.

In the Hong Kong Market Review for October, Alibaba maintained its strength from the prior month to remain the most-used underlying for derivative warrants listed on HKEX last month, with 96 listings tracking the Hong Kong-listed Chinese e-commerce giant.

Meanwhile in Thailand, sales of structured notes rose more than 41% to around THB50.2 billion (US$1.55 billion) in the third quarter of 2025 compared with the prior year’s quarter, SRP data shows.

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