Goldman Sachs has called for its bankers to make plans to be in a position to return to the office by June 14 in the U.S. and June 21 in the U.K. CEO David Solomon said, “We are focused on progressing on our journey to gradually bring our people back together again."
Citi turns to decrement indexes for single-stock autocalls
US bank claims new Stoxx indexes for 23 single names will slash hedging costs and boost coupons
Håkan Dahlström Print this page
Citi is set to roll out a series of fixed dividend autocallable notes on individual stocks – the first time the technology, which is already fuelling the market for index products, has been applied to single names on an industrial scale.
The retail structured notes will reference a new set of so-called decrement indexes from Deutsche Börse-owned index provider Stoxx. The indexes are available for 23 individual stocks, ranging from US corporate giants Walmart and Disney to popular Swiss
Brent rose 89 cents, or 1.3 per cent, to $68.16 a barrel by 1115 GMT, and U.S. West Texas Intermediate crude was up 83 cents, or 1.3 per cent, at $64.69 a barrel