Products linked to interest-rates underlyings achieved their lowest sales since October 2020.

The 5,976 structured products that struck in July collected around US$19.5 billion, according to SRP data. Sales increased by 5.8% compared to June; and volumes were up 34% year-on-year (YoY). US: sales & issuance by month Source: SRP Issuance was down by 3.40% month-on-month (MoM) but rose by 25% compared to July 2025 when 4,775 products were available to US investors. Issuers Eighteen issuers were active during the month with the top five – Goldman Sachs, J.P. Morgan, Morgan S