US Q1 2023: the rise of the fixed rate note

Some US$26.5 billion were collected from 8,361 issued structured products in the first quarter of 2023 in the US market – down 7.5% by sales volume compared to the prior year quarter (Q1 2022: US$28.7 billion from 8,716 products). Two-hundred and fifty-four products were withdrawn as they did not gather enough sales. Of these, 141 were issued via J.P. Morgan. Issuance remained stable: 8,361 products in Q1 2023 versus 8,716 in Q1 2022. Quarter-on-quarter issuance increased by 13%. Avera