One hundred and fifty structured products worth an estimated €137m had strike dates in November. Sales volumes registered a rise of almost 160% compared to October when 138 products collected €53m.
Additionally, 65 products, which sold €323m at inception, matured during the period. Of the 180 products that were added to the SRP Portugal database in November, 148 were leverage products issued via Commerzbank and listed on Euronext Lisbon. The S&P500, one of the main underlyings for leverage products in the Portuguese market, is currently seeing its best month since 2009, recording its best performance in 10 years. The US benchmark closed at 3,140.98 basis points on November 29 20
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