Euro Stoxx-Linked Notes Surge as S&P 500-Tied Sales Flag
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Sales of U.S. structured notes tied to the Euro Stoxx 50 Index have soared this year as investors buy fewer securities linked to the Standard & Poor’s 500 Index.
Banks have issued $4.45 billion of notes connected to the European benchmark, up from $3.74 billion for all of last year, making it the second-most popular asset, according to data compiled by Bloomberg. Sales of notes tied to the S&P 500, the largest at $5.74 billion, are down 25 percent through November, the data show.