We look at structured products issuance linked to the five worst-performing stocks within the S&P 500 in 2025 based on SRP data.

Staple and retail stocks were hit hard despite an overall US equity rally for the year, mostly thanks to President Trump’s tariff policies. It was also a difficult year for real estate sector, with the average 30-year mortgage rate hovering above six percent.  Nasdaq-listed The Trade Desk (TTD) led the S&P 500 decliners as its shares dropped 67.6% to US$37.96 throughout the year. The Ventura, California-based company has since seen its stock further fall over 30% as of today (17