The US bank is pitching global single-stock indices computed in Swiss Franc in an effort to capitalise on the country’s low funding rate.

Switzerland is arguably the most developed market for structured notes where retail investors have a penchant for global stock underlyings across major currencies.  However, the country’s persistently low interest rates have posed a hurdle to provide attractive pricing for the reference assets denominated in Swiss Franc, compared to those in US dollar and Euro, said Joseph Khouri (pictured) , Emea head of equity derivatives structuring at Bank of America (BofA). Our ambition is to