Citi was the only issuer with sales topping US$1 billion in November as investor demand for capital protection and structures on single indices continued to increase.
Some 2,227 structured products worth US$6.5 billion were issued in the US during November – down 26% by sales volume compared to the same month in 2021 (Nov 21: US$8.8 billion from 2,678 products). Ninety-five of the newly issued products were withdrawn as they did not gather enough sales. Of these, 45 were issued on the paper of J.P. Morgan with Citi and Goldman responsible for 13 and 11 products, respectively. Sales for Jan-Nov 2022 were down 6.3% year-on-year (YoY) with issuanc
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