the tructured roducts daily - innovative advisory group · 1/18/2013 · friday january 18, 2013...

Friday January 18, 2013 StructuredDaily

The Prospect News

Products

Structured Products

▮ ▮PROSPECTNEWS ▮▮ © Copyright 2013 by Prospect News Inc. Electronic redistribution, photocopying and any other electronic or mechanical reproduction is strictly prohibited without prior written approval by Prospect News. Information contained herein is provided by sources believed to be accurate and reliable, however, Prospect News makes no warranty, and each such source makes no warranty, either express or implied, as to any matter whatsoever, including but not limited to those of merchantability or fitness for a particular purpose.

$1.489 billion in 266 deals







$0.010 billion in 1 deal







EXCHANGE-TRADED NOTES

BREAKDOWN OF YEAR TO DATE DEALS

Quarter to Date:

Month to Date:

ALL U.S. STOCK AND EQUITY INDEX DEALS

SINGLE STOCK U.S. STRUCTURED PRODUCTS

ALL U.S. STRUCTURED PRODUCTSYear to Date:

STOCK INDEX U.S. STRUCTURED PRODUCTS

FX U.S. STRUCTURED PRODUCTS

COMMODITY U.S. STRUCTURED PRODUCTS

Current Year

Previous Year

INTEREST RATE STRUCTURED PRODUCTS

INTEREST RATE STRUCTURED COUPONS









By Emma Trincal New York, Jan. 17 – In a move toward more simplicity and more protection, some issuers have recently offered notes with no leverage but more attractive buffers, sources noted. By eliminating the leverage while maintaining a cap, those products are designed to be more defensive. They also tend to be easier to understand as they deliver a return on a one-for-one basis, the sources said. “These are pretty vanilla notes. You’re buffered and you’re capped,” said Steve Doucette, financial adviser at Proctor Financial. And there is no leverage, he added. “There are times to make leveraged bets and there are times to be cautious. Right now, I think it’s more of a time to be

cautious,” said Kirk Chisholm, principal and wealth manager at NUA Advisors. Bank of Montreal and Barclays Bank plc have announced products that fit into that category.

Two deals Bank of Montreal plans to price 1.4% to 1.8% buffered bullish coupon-bearing notes due Jan. 29, 2016 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission. Interest will be payable annually. The payout at maturity will be par plus any gain in the fund, up to a maximum payout of 20%. Investors will receive par if the fund falls by up to 15% and will be

Bank of Montreal, Barclays plan non-leveraged notes with caps but more defensive buffers

Morgan Stanley plans enhanced buffered jump securities tied to basketBy Toni Weeks San Diego, Jan. 17 – Morgan Stanley plans to price 0% enhanced buffered jump securities due January 2017 linked to a basket of indexes and exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission. The basket includes the S&P 500 index with a 40% weight, the Russell 2000 index with a 20% weight, the iShares MSCI EAFE index fund with a 20% weight, the iShares MSCI Emerging Markets index fund with a 10% weight and the iShares FTSE China 25 index fund with a 10% weight. If the final basket level is greater than

the downside threshold value, the payout at maturity will be par of $10 plus the greater of the basket return and the fixed percentage, which is expected to be 14.38% to 17.38% and will be set at pricing. The downside threshold value will be 85% of the initial basket level. If the final basket level is less than or equal to the downside threshold value, investors will lose 1% for every 1% basket decline beyond the 15% buffer. The notes are expected to price and settle in January. Morgan Stanley & Co. LLC is the agent. The Cusip number is 61761M359.

Continued on page 2

Friday January 18, 2013

Structured Products NewsProspect News

Structured

Daily

The

Products

exposed to any losses beyond 15%. “If somebody is still leery about investing in real estate or in the equity markets, that might make sense for that type of investor looking for a bit of protection. However, if there were times for that type of investment, it would have been a few years back,” Chisholm said. Separately, Barclays announced plans to price 0% buffered Super Track notes due Feb. 2, 2015 linked to the iShares Russell 2000 index fund. The payout at maturity will be par plus any fund gain, up to a maximum return of 17.7% to 20.7%. The exact cap will be set at pricing, according to a 424B2 filing. Investors will receive par if the shares fall by up to 20% and will lose 1% for every 1% decline beyond 20%. While the first note has a longer tenor, both products offer a buffer instead of the more common barrier, sources noted, adding that buffers are better tools for risk

mitigation than barriers comparable in size. “In this environment, focusing on risk management is the most important thing,” Chisholm said. “Remember the Warren Buffett rule number one: don’t lose money. Rule number two: see rule number one. “It’s particularly true today. There are lots of potential black swans out there.” But for very bullish investors, the cap may be too low, and for the moderately bullish view, leverage may be lacking.

Not for bulls Chisholm, who is bullish on real estate, said that he would not invest in the first note. “Real estate from my perspective started to do well in the past six to 12 months. There’s been a change in the trend with prices moving up and banks slowly getting rid of the foreclosures on their balance sheets,” he said.

“Record low mortgage rates will continue to support the sector, pushing up real estate prices. I see this bullish trend continuing for some time. That’s why I would be hesitant to invest on three-year notes like this one. A 20% cap is not a whole heck of a lot for three years.” In the last two months, the U.S. real estate fund has gained 9.5%. It is up 13.5% since June 2012. “I’m pretty bullish on real estate for the next three to five years. People have started to see the value. Companies like Blackstone have acquired real estate companies because they see value. It’s starting to really pick up. I would suspect that in the next three years, the index would be up by more than 20%. So obviously, this cap is not enough for me,” he said. Chisholm said that he would not invest in the index fund directly, preferring to select the right opportunities in the sector via equities.

Bank of Montreal, Barclays plan non-leveraged notes with caps but more defensive buffersContinued from page 1

Outlook 2013 and 2012 Reviewwww.prospectnews.com/outlook

Available Now!

Covers13 Markets

250 +pages

Only $35 per copy

www.prospectnews.com Page 3

OOutlookutlook 22012012 ANDAND 22011011 RRevieweview COMMENTARY

Bank LoanOUTLOOK 2012

Leveraged loan issuance anticipated to retreat amid macro worriesBy Sara Rosenberg New York, Dec. 30 – Leveraged loans are expected by many to see a decline in volume in 2012 versus 2011, based on the assumption that there will continue to be issues in Europe and general concerns surrounding the economy. “We expect the 2012 volume to decrease, as the economic situation – stalling growth in Europe, tension on bank funding – continues to put pressure on the market. The declining demand [seen in] the significant outflows from loan mutual funds [in the second half of the year] will have impact on issuance as it did in the second half of 2011,” a market source said. He put total volume in 2011 at around $370 billion, unequally distributed between roughly $260 billion in the first half of the year and $110 billion in the second half. “If the current trend goes on for [first half] 2012, next year’s volume could take a serious hit compared to 2011’s with a decline of M&A/LBO’s share,” he continued.

Refinancings may decline A buyside source pointed out that refinancing activity will likely be down in 2012 because there will be “fewer refis to do – [2012] and [2013] mostly cleared out and [2014s] that were easy have been done too. LBOs are a confidence issue. How confident will people be next year? “Average deal size seemed small in 2011. Where were the mega deals? That might continue. [There was a] lack of LBO sponsor confidence and/or lack of financing for such confidence, both of which I expect to continue in 2012 unless Europe has a shockingly sunny resolution.

“Guessing issuance down but a lot depends on the economy and Europe. I won’t posit a 2012 issuance number. It’s simply too random based on macro unknowns,” the buyside source added. A market professional agreed that volume in 2012 will be “down due to less refinancings, similar event driven volume and continued noise out of Europe.” He put 2011 institutional volume around $240 billion and expected 2012 institutional volume around $200 billion.

Amends/extends versus refis Amendments and extensions were very popular for a time, but by the latter part of 2011, there were much fewer of these transactions around, and market players don’t really expect much of a pick up in activity on this front. “If Europe gets ugly and the market [dries] up, you’ll see more amend/extend. Otherwise, [volume] should be about same as what we’re seeing these days, which is not so much. The refi wall has been substantially reduced. Most deals can get refied if the story isn’t too tough. If leverage is too high and you can’t refi, [the borrower] may need to go the amend/extend route,” a sellside source remarked. “A&E to me reflects tough market conditions, and I don’t expect that,” the buyside source said. The market professional reiterated this point, saying that there should be “more regular financings” in 2012, “assuming a gradual resolution of European sovereign issues.” “Amend to extend volume fell off a cliff in H2 2011 due to lack of demand for long term dated floating-rate legacy paper. We may see the market restart if the market

conditions make the refinancing more difficult,” the market source added.

Second-liens up or down? The fate of second-lien loans in 2012 is a topic that sources couldn’t quite agree on, as some theorized that the market may see more of this debt and others thought a decline in issuance could be coming. The buyside source anticipates second-lien issuance to head higher in 2012, compared to 2011, explaining that the debt is “well liked and needed by mutual funds, and the coupon’s attractive in a low default environment.” When asked if mezzanine debt may take the place of second-lien loans, the buyside source remarked that it “depends on the deal flow from PE sponsors that have mezz sleeves/relationships. [It is] impossible to say, but reasonable to conclude that a low-default environment encourages riskier issuance. Both second-lien and mezz qualify but second-lien going to average Joes and mezz going to players with less risk aversion.” The sellsides source, meanwhile, called mezzanine financing a popular alternative at this time. “Who knows how long it will stay hot, but business development corp.’s [such as] Prospect, Apollo, Ares are actively showing out balance sheet,” he added. The market source offered another point of view, saying that his firm’s expectation is for “second-liens deal volume to decrease as the risk aversion increases in the market.” And, the market professional’s opinion is that second-lien issuance will be pretty flat in terms of volume compared to 2011. The loan market is not strong enough for second-lien issuance to steal issuance from high-yield, he explained.

BANK LOAN: Commentary – Issuance Analysis – Underwriter Rankings

Commentary Analysiswww.prospectnews.com Page 173

OOutlookutlook 22012012 ANDAND 22011011 RRevieweview ISSUANCE ANALYSIS

Analysis of PIPE issuance for 13 months through December 2011

Columns are amount in billions of dollars, count of deals, percentage of total in dollars.

Proceeds12/2010 1/2011 2/2011 3/2011 4/2011 5/2011 6/2011 7/2011 8/2011 9/2011 10/2011 11/2011 12/2011

Less than $1 million 0.001 0.001 0 0.001 0.002 0.002 0.001 0.001 0 0.002 0 0 0

$1-1.99 million 0.030 0.013 0.028 0.031 0.023 0.017 0.026 0.019 0.020 0.020 0.025 0.022 0.017

$2-2.99 million 0.042 0.007 0.021 0.032 0.017 0.015 0.034 0.023 0.014 0.013 0.020 0.019 0.018

$3-4.99 million 0.039 0.026 0.032 0.049 0.047 0.050 0.057 0.042 0.023 0.040 0.013 0.043 0.012

$5-9.99 million 0.122 0.047 0.135 0.088 0.091 0.056 0.131 0.065 0.107 0.122 0.025 0.080 0.091

$10-14.99 million 0.086 0.117 0.065 0.064 0.073 0.155 0.093 0.075 0.067 0.033 0.083 0.071 0.052

$15-$49.99 million 0.240 0.326 0.151 0.263 0.211 0.427 0.289 0.198 0.342 0.149 0.146 0.272 0.281

$50 million and higher 0.924 0.639 1.116 1.364 1.642 1.132 0.420 0.150 5.729 1.130 0.759 0.695 0.835

Total 1.485 1.175 1.549 1.892 2.106 1.855 1.053 0.573 6.301 1.509 1.071 1.203 1.306

Q1/2011 Count Q2/2011 Count Q3/2011 Count Q4/2011 Count YTD Count Total Count Last 12 months

Count YTD Share

Less than $1 million 0.002 4 0.005 8 0.003 5 0.001 3 0.011 20 0.012 22 0.011 20 0.05%

$1-1.99 million 0.072 56 0.067 51 0.059 44 0.064 47 0.261 198 0.291 220 0.261 198 1.21%

$2-2.99 million 0.060 26 0.067 29 0.050 22 0.058 25 0.234 102 0.276 120 0.234 102 1.08%

$3-4.99 million 0.107 29 0.154 41 0.104 28 0.068 18 0.433 116 0.472 127 0.433 116 2.01%

$5-9.99 million 0.271 41 0.278 41 0.294 47 0.197 30 1.040 159 1.162 177 1.040 159 4.82%

$10-14.99 million 0.246 23 0.321 28 0.175 16 0.206 20 0.948 87 1.034 95 0.948 87 4.39%

$15-$49.99 million 0.740 33 0.928 36 0.688 27 0.699 31 3.055 127 3.295 138 3.055 127 14.15%

$50 million and higher 3.118 19 3.194 24 7.009 14 2.289 12 15.610 69 16.534 73 15.610 69 72.30%

Total 4.616 231 5.014 258 8.382 203 3.580 186 21.592 878 23.077 972 21.592 878 100.00%

PIPE New Issue Volume by Proceeds

($ blns)

$2

$4

$6

12/2

010

1/20

11

2/20

11

3/20

11

4/20

11

5/20

11

6/20

11

7/20

11

8/20

11

9/20

11

10/2

011

11/2

011

12/2

011

Less than $1 million$1 to $1.99 million$2 to $2.99 million

$3 to $4.99 million$5 to $9.99 million$10 to $14.99 million

$15 to $49.99 million$50 million and greater

Continued on page 174

PIPE: Commentary – Issuance Analysis – Canadian Issuance Analysis – Underwriter Rankings

OOutlookutlook 22012012 ANDAND 22011011 RRevieweview UNDERWRITER RANKINGS

JPMorgan top U.S. high-yield underwriter for 2011• Junk market issuance totals $253.31 billion, second biggest year New York, Dec. 30 – JPMorgan was the top underwriter of high-yield bonds in 2011, its seventh consecutive year in the number one position, according to data compiled by Prospect News. Issuance for 2011 totaled $255.31 billion, the second biggest year ever. But expectations of a record year were dashed after a busy start lost momentum in June. The year came in at 87.5% of 2010’s $291.95 billion, falling $36.64 billion short of the record. However 2011 easily beat the previous number two year, 2009, which saw $161.82 billion. JPMorgan led the year-to-date rankings for every month of 2011 and with $37.27 billion of transactions finished the year well ahead of second-placed Bank of America, which brought $28.14 billion to market. Bank of America was also second in 2010. Citigroup moved up to third position

from fifth in 2010, Deutsche Bank held steady at fourth and Credit Suisse slipped to fifth from third. However less than $1 billion separated the three banks. Barclays at sixth and Goldman Sachs in seventh place were also close together, having exchanged rankings compared to the year before. Morgan Stanley was unchanged at eighth while Wells Fargo rose one place to ninth and RBS did the same to finish in 10th position. UBS dropped out of the top 10 to finish 11th. The positions at the top of the league table are similar if emerging markets deals are excluded. On this basis, JPMorgan was again first and Bank of America second. Credit Suisse was third, unchanged from the year before while Deutsche Bank rose two places to fourth. Citigroup slipped a notch to fifth and

Morgan Stanley gained two spots to sixth. Barclays remained seventh while Goldman fell to eighth from fifth in 2010. Looking at the global high-yield market, and excluding emerging markets, JPMorgan, Bank of America, Credit Suisse, Deutsche and Citi took positions one through five, all unchanged from the year before. In Europe, Deutsche was once more top underwriter while Credit Suisse rose to second from sixth. As with the U.S. market, Europe had its second biggest year ever, finishing at a volume of $46.37 billion compared to $51.35 billion in 2010. The U.S. market figures cover dollar-denominated high-yield deals issued in the United States as registered offerings or under Rule 144A and include all issuers, regardless of their home country.

Year to date, U.S. market, all issuers 2010 Comparables

Underwriter Amount No. Share Rank Amount No. Share1 JPMorgan 37.274 194 14.60% 1 41.256 257 14.13%2 Bank of America 28.143 210 11.03% 2 39.978 297 13.69%3 Citigroup 22.771 138 8.92% 5 22.683 153 7.77%4 Deutsche Bank 22.064 132 8.64% 4 23.237 171 7.96%5 Credit Suisse 21.891 134 8.57% 3 29.486 173 10.10%6 Barclays 17.896 129 7.01% 7 19.623 148 6.72%7 Goldman Sachs 17.428 112 6.83% 6 21.196 133 7.26%8 Morgan Stanley 16.641 107 6.52% 8 17.977 119 6.16%9 Wells Fargo 10.580 92 4.14% 10 11.951 106 4.09%10 RBS 8.293 63 3.25% 11 10.568 72 3.62%Total 255.307 547 291.947 656Average size: 0.467 0.445


HIGH YIELD: Commentary – Issuance Analysis – European Issuance Analysis – Underwriter Rankings

Data

Continued on page 3



Structured

Daily

The

Products

Bank of America plans Accelerated Return Notes on Euro Stoxx 50By Jennifer Chiou New York, Jan. 17 – Bank of America Corp. plans to price 0% Accelerated Return Notes due March 2014 linked to the Euro Stoxx 50 index, according to an FWP with

the Securities and Exchange Commission. The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum return of 17% to 21%. Investors will be fully exposed to any

losses. The notes are expected to price and settle in January. Bank of America Merrill Lynch will be the agent.

Bank of Montreal, Barclays plan non-leveraged notes with caps but more defensive buffersContinued from page 2

“The Blackstone group is doing pretty well with real estate. Home Depot is another example. Suppliers to anybody building houses should do well: painting, lumber. I would also look at a few REITs that can take advantage of that trend, with a focus on residential real estate, which is where I’m the most bullish.” With its small-cap exposure, the second deal with was more appealing to Chisholm in terms of risk-adjusted return. “If I was to seek exposure to small caps through the index, I would think it’s a decent way to do it given the approximately 20% cap in line with the 20% buffer, especially for somebody who is a bit risk-averse,” he said. “Small caps offer more value than large caps right now, so the exposure makes sense, although I would probably not do it through the index.” He said he liked the two-year small-cap notes better than the three-year real-estate fund-linked product due to its shorter maturity. “It makes a difference. Three years is a long time. Look at the last three years and

what happened to the market. Today, a lot can happen in three months, even in one month,” he said.

Fixing the upside Steve Doucette, financial adviser at Proctor Financial, comparing the two products, said he would pick the real estate fund product, not because of its structure but because of the market theme. He noted that the notes tied to the real estate fund offered about 5% in additional return from the coupon. “On the first one, the cap is not 20%; it’s 25% because of the interest. That’s a three-year note, so 8% a year is the best you can do. With the other one, your annual return is 10% maximum,” he said. Despite the difference, Doucette said that he would prefer to invest in the REITs product at this point. “If I had to choose between the two, I would pick the real estate index versus the small-cap stock index. “Stocks lead you out of a recession in a bearish market. Stocks are a leading

indicator. Real estate is a lagging indicator. “I’d probably go to real estate. I wouldn’t cap myself at an 8% return per year though. If I chose the real estate deal, I would give up the coupon so I can get a better return. “I assume the coupon would be taxed as ordinary income, which would be another reason to give it up. Instead I would increase the cap,” he said. For Doucette, a competitive buffer for a bullish investor may be too high a price to pay for protection. “I might give up a little bit of the buffer. If stocks are down, real estate might continue to pull. I would lower the buffer to 10% and try to get more return off the top end,” he said. BMO Capital Markets Corp. is the agent for the notes linked to the iShares Dow Jones U.S. Real Estate index fund. The Cusip number is 06366RLA1. Barclays is the agent for the notes tied to the iShares Russell 2000 index fund. The Cusip number is 06741TMW4. Both products will price on Jan. 28 and settle on Jan. 31.

Citigroup plans 7.35%-9.35% airbag autocallables linked to AeropostaleBy Toni Weeks San Diego, Jan. 17 – Citigroup Inc. plans to price 7.35% to 9.35% airbag autocallable yield optimization notes due Jan. 27, 2014 linked to the common stock of Aeropostale, Inc., according to a 424B2 filing with the Securities and Exchange Commission. Interest will be payable monthly.

The notes will be automatically called at par plus accrued interest if Aeropostale stock closes at or above the initial share price on any quarterly observation date. The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Aeropostale shares

equal to $1,000 divided by the conversion price. The conversion price will be 75% of the initial share price. The notes will price Jan. 18 and settle Jan. 24. Citigroup Global Markets Inc. and UBS Financial Services Inc. will be the agents. The Cusip number is 1730T0RF8.



Structured

Daily

The

Products

Citigroup to price 6.6%-8.6% airbag autocallables linked to U.S. SteelBy Toni Weeks San Diego, Jan. 17 – Citigroup Inc. plans to price 6.6% to 8.6% airbag autocallable yield optimization notes due Jan. 27, 2014 linked to the common stock of United States Steel Corp., according to a 424B2 filing with the Securities and Exchange Commission. Interest will be payable monthly.

The notes will be automatically called at par plus accrued interest if U.S. Steel stock closes at or above the initial share price on any quarterly observation date. The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of U.S. Steel shares

equal to $1,000 divided by the conversion price. The conversion price will be 75% of the initial share price. The notes will price Jan. 18 and settle Jan. 24. Citigroup Global Markets Inc. and UBS Financial Services Inc. will be the agents. The Cusip number is 1730T0RG6.

Citigroup to price 6.3%-8.3% airbag autocallables linked to TesoroBy Toni Weeks San Diego, Jan. 17 – Citigroup Inc. plans to price 6.3% to 8.3% airbag autocallable yield optimization notes due Jan. 27, 2014 linked to the common stock of Tesoro Corp., according to a 424B2 filing with the Securities and Exchange Commission. Interest will be payable monthly.

The notes will be automatically called at par plus accrued interest if Tesoro stock closes at or above the initial share price on any quarterly observation date. The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Tesoro shares equal to

$1,000 divided by the conversion price. The conversion price will be 80% of the initial share price. The notes will price Jan. 18 and settle Jan. 24. Citigroup Global Markets Inc. and UBS Financial Services Inc. will be the agents. The Cusip number is 1730T0RH4.

Credit Suisse plans high/low coupon callable notes on index, two funds

Credit Suisse plans to price 0% Bares linked to S&P 500 index

By Jennifer Chiou New York, Jan. 17 – Credit Suisse AG, Nassau Branch plans to price high/low coupon callable yield notes due Aug. 8, 2014 linked to the Russell 2000 index, the United States Oil Fund, LP and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission. A knock-in event occurs if any underlying component falls to or below

the knock-in level during a monthly observation period. The knock-in level will be about 65% of the initial level and will be set at pricing. If a knock-in event never occurs, the coupon will be 16% to 17%, with the exact coupon to be set at pricing. If a knock-in event occurs during any monthly observation period, the coupon for that interest period and each subsequent interest period will be 1%. Interest is payable monthly.

The notes are callable on any interest payment date. If a knock-in event occurs, the payout at maturity will be par plus the return of the worst-performing component, up to a maximum payout of par. If a knock-in event does not occur, investors will receive par. The notes (Cusip: 22546TU82) are expected to price on Feb. 5 and settle on Feb. 8. Credit Suisse Securities (USA) LLC is the agent.

By Jennifer Chiou New York, Jan. 17 – Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due Feb. 5, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is equal to or greater than the initial level, the payout at maturity will be par plus the fixed payment percentage, which is expected to be between 13.75% and 14.75% and will be determined at pricing. Investors will receive par for losses

of up to 10% and will share in any losses beyond the buffer. The notes (Cusip: 22546TU90) are expected to price on Jan. 31 and settle on Feb. 5. Credit Suisse Securities (USA) LLC is the underwriter.



Structured

Daily

The

Products

Credit Suisse plans covered call ETNs on Nasdaq Gold Flows 103 indexBy Marisa Wong Madison, Wis., Jan. 17 – Credit Suisse AG, Nassau Branch plans to price $100 million of Gold Shares covered call exchange-traded notes due Feb. 2, 2033 linked to the performance of the Credit Suisse Nasdaq Gold Flows 103 index, according to a 424B2 filing with the Securities and Exchange Commission. The Nasdaq Gold Flows 103 index measures the return of a “covered call” strategy on the shares of the SPDR Gold Trust. The index strategy consists of a hypothetical portfolio that takes a long position in SPDR Gold Trust shares and sells a succession of short, about one-month, call options on the shares with a strike price of about 103. The sale of the options is “covered” by the long position in the SPDR Gold Trust shares. The long position in the shares and the short call options are held in equal notional amounts. This strategy is intended to provide exposure to gold through the notional positions in the SPDR Gold Trust shares and the options that seeks to (i) generate periodic cash flows that a direct long-only ownership position in the shares would not,

(ii) provide a limited offset to losses from downside market performance in the shares via the cash flows from option premiums and (iii) provide limited potential upside participation in the performance of the shares. The level of the Nasdaq Gold Flows index on any day reflects the value of the notional long position in the SPDR Gold Trust shares and the notional option premium, reduced based on the value of the options then outstanding. The ETNs will pay a variable monthly coupon based on the premiums received from the sale of monthly call options on the SPDR Gold Trust shares. Since the amount of any monthly coupon payment is uncertain and could be zero, investors should not expect to receive regular periodic interest payments. The payout at maturity will equal the average of the closing indicative values for the five trading days ending Jan. 28, 2033. The closing indicative value is initially $20.00. The closing indicative value on each day after the inception date will equal the current principal amount plus any accrued coupon. The closing indicative value will never be less than

zero. If the closing indicative value is equal to zero on any trading day, the closing indicative value on that day and all future days will be zero. The current principal amount is $20.00 on the inception date. After that, the current principal amount is the current principal amount on the preceding day times the daily index factor minus the daily investor fee. The investor fee is 0.65% per year. The daily index factor is the closing level of the index on that day divided by the closing level of the index on the preceding day. The notes are callable in whole or in part at any time and are putable subject to a minimum of 50,000 ETNs and an early redemption charge of 0.125%. The notes will be automatically called if the intraday indicative value of the ETNs falls below 5%. The initial tranche of notes is expected to price on Jan. 28 and settle on Jan. 31. Credit Suisse has applied to list the ETNs on Nasdaq under the ticker symbol, “GLDI.” The Cusip number is 22542D480. Credit Suisse Securities (USA) LLC is the agent.

Goldman Sachs plans callable exchangeable notes linked to AppleBy Toni Weeks San Diego, Jan. 17 – Goldman Sachs Group, Inc. plans to price 0% callable exchangeable equity-linked notes tied to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission. The notes are expected to mature in seven years. The notes are callable beginning in January 2018. If called, the redemption price will be the greater of the exchange

value on the redemption notice date or $950 per $1,000 principal amount of notes, payable in shares of Apple stock or, at the issuer’s option, in cash. The exchange value on any trading day will be the product of the exchange rate times the closing price of the stock on that date. The exchange rate will be 950 divided by the product of (i) 1.3 times (ii) the initial stock price. The notes are also exchangeable in whole or in part for a number of shares of Apple

stock equal to the exchange rate or, at the issuer’s option, the exchange value in cash. If the notes are not called or exchanged, the payout at maturity will be the average of the averaging date prices on the three consecutive trading days ending on the determination date, payable in cash. Each averaging date price will be the greater of the exchange value on that date or $950 per $1,000 principal amount. The Cusip number is 38141GMG6. Goldman Sachs & Co. is the agent.



Structured

Daily

The

Products

Goldman Sachs to price trigger leveraged notes linked to S&P 500By Toni Weeks San Diego, Jan. 17 – Goldman Sachs Group, Inc. plans to price 0% trigger leveraged index-linked notes due Feb. 5, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission. A trigger event occurs if the final index level declines by 5% or more from the initial level during the observation period, which is each trading day from but

excluding the pricing date to and including April 18. If the index return is positive and a trigger event has not occurred, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,140 per $1,000 principal amount. If the index return is positive and a trigger event has occurred, the payout will be par plus 310% of the index return,

subject to a maximum settlement of $1,217 per $1,000 principal amount. Investors will be fully exposed to any losses if the index return is negative. The final index level will be the average of the closing index levels on the five trading days ending Jan. 31, 2014. The notes (Cusip: 38141GMH4) are expected to price Jan. 18 and settle Jan. 24. Goldman Sachs & Co. is the underwriter.

Goldman Sachs to price callable step-up notes with 3.25% initial rate

Goldman to price leveraged buffered notes linked to MSCI EAFE

By Marisa Wong Madison, Wis., Jan. 17 – Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due January 2028, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 3.25% initially, stepping up to 4.25% in January 2021, to 5.5% in January 2025, to 7% in January 2026 and to 8% in January 2027. Interest is payable semiannually. The payout at maturity will be par.

The notes will be callable at par on any quarterly redemption date beginning in July. The notes (Cusip: 38141GMK7) are expected to price and settle in January. Goldman Sachs & Co. and Incapital LLC are the underwriters.

By Jennifer Chiou New York, Jan. 17 – Goldman Sachs Group, Inc. plans to price 0% leveraged buffered index-linked notes tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature between 24 and 27 months after pricing. If the index return is positive, the payout at maturity will be par plus 1.5 times the gain, subject to the maximum settlement amount of between $1,225.00

and $1,262.50 per $1,000 principal amount. If the index falls by up to 15%, the payout will be par. If the index falls by more than 15%, investors will lose 1.1765% for every 1% drop beyond 15%. Goldman Sachs & Co. is the underwriter.

Goldman to price leveraged buffered notes linked to S&P 500By Jennifer Chiou New York, Jan. 17 – Goldman Sachs Group, Inc. plans to price 0% leveraged buffered index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature between 30 and 33 months after pricing. If the index return is positive, the payout at maturity will be par plus 1.5 times the gain, subject to the maximum settlement amount of between $1,161.25

and $1,187.50 per $1,000 principal amount. If the index falls by up to 15%, the payout will be par. If the index falls by more than 15%, investors will lose 1.1765% for every 1% drop beyond 15%. Goldman Sachs & Co. is the underwriter.

JPMorgan to price callable step-up notes with 3.25% initial rateBy Angela McDaniels Tacoma, Wash., Jan. 17 – JPMorgan Chase & Co. plans to price callable step-up fixed-rate notes due Jan. 31, 2033, according to an FWP filing with the Securities and Exchange Commission. The interest rate will be 3.25% in years one through 10, 3.75% in years 11 and 12, 4.25% in years 13 and 14, 4.75% in years 15 and 16, 5.25% in years 17 and 18 and 8.5% in years 19 and 20.

Interest will be payable semiannually. The payout at maturity will be par. Beginning Jan. 31, 2023, the notes will be callable at par on any interest payment date. The notes are expected to price Jan. 28 and settle Jan. 31. J.P. Morgan Securities LLC is the agent. The Cusip number is 48126DMH9.



Structured

Daily

The

Products

Morgan Stanley plans contingent income autocallables on AppleBy Jennifer Chiou New York, Jan. 17 – Morgan Stanley plans to price contingent income autocallable securities due Jan. 31, 2018 linked to Apple Inc. shares, according to an FWP with the Securities and Exchange Commission. The notes will pay a contingent monthly payment of 10% per year if Apple stock

closes at or above the 70% barrier level on the determination date for that month. Beginning on Jan. 31, 2015, if the shares close at or above the initial level on a quarterly redemption date, the notes will be called at par plus the contingent coupon. If Apple stock finishes at or above the barrier level, the payout at maturity will be

par plus the contingent payment. Otherwise, investors will be fully exposed to any losses. The notes (Cusip: 61761JBM0) are expected to price on Jan. 29 and settle on Jan. 31. Morgan Stanley & Co. LLC will be the agent.

Morgan Stanley plans contingent income autocallables tied to RussellBy Toni Weeks San Diego, Jan. 17 – Morgan Stanley plans to price contingent income autocallable securities due Jan. 31, 2028 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission. The notes will pay a contingent monthly coupon if the index closes at or above the 75% barrier level for that month. The contingent monthly coupon

will be 8% for the first five years, 10% for years six through 10 and 15% after that until maturity. If the index closes at or above the initial level on any quarterly review date after five years, the notes will be called at par plus the contingent coupon. If the index finishes at or above the 75% barrier level, the payout at maturity will be par plus the contingent coupon. If the index finishes below the 75%

barrier level but at or above the downside threshold level – 50% of the initial index level – the payout will be par. Otherwise, investors will be fully exposed to losses from the initial index level. Morgan Stanley & Co. LLC is the agent. The notes will price Jan. 29 and settle Jan. 31. The Cusip number is 61761JBN8.

Morgan Stanley plans contingent income autocallables on BofABy Jennifer Chiou New York, Jan. 17 – Morgan Stanley plans to price contingent income autocallable securities due Jan. 31, 2018 linked to Bank of America Corp. shares, according to an FWP with the Securities and Exchange Commission. The notes will pay a contingent monthly payment of 9% per year if Bank of

America stock closes at or above the 70% barrier level on the determination date for that month. Beginning on Jan. 31, 2015, if the shares close at or above the initial level on a quarterly redemption date, the notes will be called at par plus the contingent coupon. If Bank of America stock finishes at or above the barrier level, the payout at

maturity will be par plus the contingent payment. Otherwise, investors will be fully exposed to any losses. The notes (Cusip: 61761JBL2) are expected to price on Jan. 29 and settle on Jan. 31. Morgan Stanley & Co. LLC will be the agent.

Morgan Stanley plans contingent income autocallables tied to S&P 500By Toni Weeks San Diego, Jan. 17 – Morgan Stanley plans to price contingent income autocallable securities due Jan. 31, 2028 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission. The notes will pay a contingent monthly payment at an annualized rate of 7.5% if the index closes at or above the

75% barrier level for that month. If the index closes at or above the initial level on any quarterly review date after five years, the notes will be called at par plus the contingent coupon. If the index finishes at or above the 75% barrier level, the payout at maturity will be par plus the contingent coupon. If the index finishes below the 75% barrier level but at or above the downside

threshold level – 50% of the initial index level – the payout will be par. Otherwise, investors will be fully exposed to losses from the initial index level. Morgan Stanley & Co. LLC is the agent. The notes will price Jan. 29 and settle Jan. 31. The Cusip number is 61761JBP3.



Structured

Daily

The

Products

Wells Fargo to price leveraged buffered notes linked to S&P 500By Marisa Wong Madison, Wis., Jan. 17 – Wells Fargo & Co. plans to price 0% equity-linked securities with leveraged upside participation to a cap and buffered downside with multiplier linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange

Commission. The notes are expected to mature 20 to 23 months after issue. If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to the maximum settlement amount of $1,180 to $1,200 per $1,000 principal amount.

Investors will receive par if the index declines by up to 12.5% and will lose 1.1429% for every 1% decline beyond the 12.5% buffer. The notes (Cusip: 94986RMX6) are expected to price and settle in January. Wells Fargo Securities, LLC will be the agent.

Issuer: Bank of MontrealIssue: Senior medium-term notes, series BUnderlying stocks: AmerisourceBergen Corp., Altera

Corp., Bed Bath & Beyond Inc., Ctrip.com International, Ltd., Equinix, Inc., Jabil Circuit, Inc., Nuance Communications, Inc., Protective Life Corp., Trinity Industries, Inc., Tractor Supply Co. and Zions Bancorp, equally weighted

Amount: $88,546,000Maturity: Jan. 28, 2014Coupon: 0%Price: 102.75Payout at maturity: Par plus basket return minus

redemption adjustment amount of $2.50 per note

Adjusted initial prices: $45.1725 for AmerisourceBergen, $34.9231 for Altera, $55.735 for Bed Bath & Beyond, $24.2395 for Ctrip, $217.3767 for Equinix, $19.7467 for Jabil Circuit, $23.3167 for Nuance, $30.5291 for Protective Life, $37.3035 for Trinity, $93.1017 for Tractor Supply, $22.2592 for Zions

Pricing date: Jan. 15Settlement date: Jan. 23Agent: BMO Capital Markets Corp.Fees: NoneCusip: 06366RJT3

New Issue:Bank of Montreal prices $88.55 million notes linked to Raymond James stock picks

By Jennifer Chiou New York, Jan. 17 – Bank of Montreal priced $88,546,000 of 0% senior medium-term notes, series B, due Jan. 28, 2014 linked to Raymond James Analysts’ Best Picks for 2013, according to a 424B2 filing with the Securities and Exchange Commission. The underlying stocks are AmerisourceBergen Corp., Altera Corp., Bed Bath & Beyond Inc., Ctrip.com International, Ltd., Equinix, Inc., Jabil Circuit, Inc., Nuance Communications, Inc., Protective Life Corp., Trinity Industries, Inc., Tractor Supply Co. and Zions

Bancorp, equally weighted. The stocks were selected in December by the equity research department at Raymond James & Associates, Inc. The Raymond James analysts expect these stocks to sustain operational growth and price appreciation over a 12-month period. The notes priced at 102.75. The payout at maturity will be par of $1,000 plus the basket return minus a redemption adjustment amount of $2.50 per note. As a result, the basket must appreciate by at least 3% for investors to receive an amount that exceeds the issue price of the notes.

Each basket stock’s return will equal the adjusted final price divided by the adjusted initial price. The adjusted initial price of each stock is the average of the stock’s intra-day prices, as determined by the issuer, on Jan. 15, Jan. 16 and Jan. 17 plus $0.01. The adjusted final price for each stock will equal the average of the closing prices on the valuation dates minus $0.01 plus the dividend amount, which is equal to 100% of the gross cash distributions declared on one share of that stock. The valuation dates are expected to be Jan. 21, Jan. 22 and Jan. 23. BMO Capital Markets Corp. is the agent.



Structured

Daily

The

Products

Issuer: Barclays Bank plcIssue: Trigger phoenix autocallable

optimization securitiesUnderlying stock: Intel Corp. (Nasdaq: INTC)Amount: $7,909,140Maturity: Jan. 22, 2018Coupon: 8% per year, payable monthly if stock

closes at or above trigger price on observation date for that month

Price: Par of $10.00Payout at maturity: Par plus contingent coupon if Intel

shares finish at or above trigger price; otherwise, par plus stock return

Call: Automatically at par plus contingent coupon if Intel shares close at or above initial price on a monthly observation date from Jan. 21, 2014 onward

Initial share price: $21.88Trigger price: $14.33, 65.5% of initial share pricePricing date: Jan. 15Settlement date: Jan. 18Underwriters: UBS Financial Services Inc. and

BarclaysFees: 2.5%Cusip: 06742A180

New Issue:Barclays prices $7.91 mln trigger phoenix autocallables linked to Intel

By Angela McDaniels Tacoma, Wash., Jan. 17 – Barclays Bank plc priced $7.91 million of trigger phoenix autocallable optimization securities due Jan. 22, 2018 linked to the common stock of Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission. If Intel stock closes at or above the

trigger price – 65.5% of the initial share price – on a monthly observation date, the issuer will pay a contingent coupon for that month at the rate of 8% per year. Otherwise, no coupon will be paid that month. Beginning Jan. 21, 2014, the notes will be called at par of $10 plus the contingent coupon if the shares close at or above the

initial price on a monthly observation date. If the notes are not called and Intel shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price. UBS Financial Services Inc. and Barclays are the underwriters.

Issuer: Barclays Bank plcIssue: Reverse convertible notesUnderlying stock: Nvidia Corp. (Symbol: NVDA)Amount: $533,000Maturity: Jan. 21, 2014Coupon: 10.5%, payable monthlyPrice: ParPayout at maturity: Par in cash unless Nvidia shares fall

below the protection price of $9.07, 75% of the initial price, and finish

below the initial price, in which case 82.71299 shares of Nvidia stock

Initial price: $12.09Protection price: $9.07, 75% of $12.09Exchange ratio: 82.71299Pricing date: Jan. 16Settlement date: Jan. 22Agent: Barclays CapitalCusip: 06741JWJ4

New Issue:Barclays prices $533,000 10.5% reverse convertibles linked to Nvidia

New York, Jan. 17 - Barclays Bank plc priced $533,000 of 10.5% reverse convertible notes due Jan. 21, 2014 linked to Nvidia Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission. The payout at maturity will be par in cash unless Nvidia

shares fall below the protection price of $9.07, 75% of the initial price of $12.09, during the life of the notes and finish below the initial price in which case the payout will be 82.71299 shares of Nvidia stock. Barclays Capital is the agent.



Structured

Daily

The

Products

Issuer: Barclays Bank plcIssue: Reverse convertible notesUnderlying stock: Apple Inc. (Symbol: AAPL)Amount: $276,000Maturity: April 22, 2013Coupon: 13.77%, payable monthlyPrice: ParPayout at maturity: Par in cash unless Apple shares

fall below the protection price of $413.03, 85% of the initial price,

and finish below the initial price, in which case 2.05795 shares of Apple stock

Initial price: $485.92Protection price: $413.03, 85% of $485.92Exchange ratio: 2.05795Pricing date: Jan. 16Settlement date: Jan. 22Agent: Barclays CapitalCusip: 06741JWN5

New Issue:Barclays prices $276,000 13.77% reverse convertibles linked to Apple

New York, Jan. 17 - Barclays Bank plc priced $276,000 of 13.77% reverse convertible notes due April 22, 2013 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission. The payout at maturity will be par in cash unless Apple shares

fall below the protection price of $413.03, 85% of the initial price of $485.92, during the life of the notes and finish below the initial price in which case the payout will be 2.05795 shares of Apple stock. Barclays Capital is the agent.

Issuer: Deutsche Bank AG, London BranchIssue: Market contribution securitiesUnderlying index: Deutsche Bank Liquid Commodity

Index – Mean Reversion Total ReturnAmount: $5.34 millionMaturity: Jan. 27, 2016Coupon: 0%Price: Par

Payout at maturity: Par plus index return minus adjustment factor of 2% per year

Initial index level: 1,723.8949Pricing date: Jan. 15Settlement date: Jan. 18Agent: Deutsche Bank Securities Inc.Fees: 0.95%Cusip: 25152RBA0

New Issue:Deutsche Bank prices $5.34 million market contribution notes on Liquid Commodity

By Marisa Wong Madison, Wis., Jan. 17 – Deutsche Bank AG, London Branch priced $5.34 million of 0% market contribution securities due Jan. 27, 2016 linked to the Deutsche Bank Liquid Commodity Index – Mean Reversion Total Return, according to a 424B2 filing with the Securities and

Exchange Commission. The payout at maturity will be par plus the index return, which could be positive or negative, minus an adjustment factor of 2% per year. The index is composed of futures contracts on heating oil, crude oil, aluminum, gold, wheat and corn. It systematically

adjusts their weightings to assign higher weights to those commodities trading in a lower price range and lower weights to those commodities trading in a higher price range, in each case based on the ratio of their one-year to five-year moving average prices. Deutsche Bank Securities Inc. is the agent.



Structured

Daily

The

Products

Issuer: HSBC USA Inc.Issue: Accelerated Market Participation

SecuritiesUnderlying currency: Deliverable Chinese renminbiAmount: $3.1 millionMaturity: Jan. 21, 2014Coupon: 0%Price: ParPayout at maturity: Par plus 400% of any appreciation

of renminbi relative to dollar; full

exposure to any depreciation of renminbi relative to dollar

Initial spot rate: 6.192 deliverable renminbi per dollar

Trade date: Jan. 15Pricing date: Jan. 16Settlement date: Jan. 18Underwriter: HSBC Securities (USA) Inc.Fees: 1%Cusip: 40432X7B1

New Issue:HSBC prices $3.1 million AMPS linked to deliverable renminbi

By Angela McDaniels Tacoma, Wash., Jan. 17 – HSBC USA Inc. priced $3.1 million of 0% Accelerated Market Participation Securities due Jan. 21, 2014 linked to the performance of the deliverable Chinese renminbi relative to

the dollar, according to a 424B2 filing with the Securities and Exchange Commission. If the reference currency return is greater than or equal to zero, meaning the renminbi has appreciated relative to the dollar, the payout at maturity will be par

plus 400% of the reference currency return. If the reference currency return is less than zero, investors will be fully exposed to the decline. HSBC Securities (USA) Inc. is the underwriter.

Issuer: HSBC USA Inc.Issue: Autocallable yield notesUnderlying indexes: S&P 500 and Russell 2000Amount: $1.46 millionMaturity: Jan. 21, 2014Coupon: 7%, payable monthlyPrice: ParPayout at maturity: Par unless either index falls below

the 70% trigger level during the life of the notes and return of worst-performing index is negative, in which case par plus return of worst-

performing indexInitial levels: 1,472.34 for S&P 500 and 884.60 for

RussellTrigger levels: 70% of initial levelsCall: At par if both indexes are at or above

their initial levels on any quarterly call observation date beginning April 15

Pricing date: Jan. 15Settlement date: Jan. 18Agent: HSBC Securities (USA) Inc.Fees: 0.5%Cusip: 40432X5P2

New Issue:HSBC prices $1.46 million 7% autocallable yield notes linked to S&P 500, Russell 2000

By Toni Weeks San Diego, Jan. 17 – HSBC USA Inc. priced $1.46 million of 7% autocallable yield notes due Jan. 21, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly. The notes will be called at par if the closing level of each underlying index is at or above its initial level on any quarterly call observation date. The payout at maturity will be par unless either index falls below its trigger

level – 70% of its initial level – during the life of the notes and the return of the worst-performing index is negative, in which case investors will receive par plus the return of the worst-performing index. HSBC Securities (USA) Inc. is the agent.



Structured

Daily

The

Products

Issuer: HSBC USA Inc.Issue: Autocallable yield notesUnderlying indexes: S&P 500 and Russell 2000Amount: $1,313,000Maturity: July 18, 2014Coupon: 6.5%, payable monthlyPrice: ParPayout at maturity: Par unless either index falls below

the 75% trigger level during the life of the notes and return of worst-performing index is negative, in which case par plus return of worst-

performing indexInitial levels: 1,472.34 for S&P 500 and 884.60 for

RussellTrigger levels: 75% of initial levelsCall: At par if both indexes are at or above

their initial levels on any quarterly call observation date beginning July 15

Pricing date: Jan. 15Settlement date: Jan. 18Agent: HSBC Securities (USA) Inc.Fees: 2.25%Cusip: 40432X5Q0

New Issue:HSBC prices $1.31 million 6.5% autocallable yield notes linked to S&P 500, Russell 2000

By Toni Weeks San Diego, Jan. 17 – HSBC USA Inc. priced $1.31 million of 6.5% autocallable yield notes due July 18, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly. The notes will be called at par if the closing level of each underlying index is at or above its initial level on any quarterly call observation date. The payout at maturity will be par unless either index falls below its trigger

level – 75% of its initial level – during the life of the notes and the return of the worst-performing index is negative, in which case investors will receive par plus the return of the worst-performing index. HSBC Securities (USA) Inc. is the agent.



Structured

Daily

The

Products

Issuer: Morgan StanleyIssue: Contingent income autocallable step-up

securitiesUnderlying index: S&P 500Amount: $110 millionMaturity: Jan. 18, 2028Coupon: Coupon will be paid monthly if index

closes at or above coupon barrier level on determination date for that month; contingent monthly coupon rate is initially 7% and steps up to 8% on Jan. 18, 2018 and to 12% on Jan. 18, 2023

Price: ParPayout at maturity: Par plus final contingent monthly

coupon, if any, if final index level is greater than or equal to downside

threshold; if final index level is less than downside threshold, full exposure to index’s decline from initial level

Call: Beginning in January 2018, notes will be automatically redeemed at par plus contingent monthly coupon if index closes at or above initial index level on any quarterly redemption determination date

Initial index level: 1,472.34Coupon barrier level: 1,030.638, 70% of initial levelDownside threshold: 736.17, 50% of initial levelPricing date: Jan. 15Settlement date: Jan. 18Underwriter: Morgan Stanley & Co. LLCFees: 3.5%Cusip: 61761JAV1

New Issue:Morgan Stanley prices $110 million contingent income autocallable step-ups linked to S&P 500

By Angela McDaniels Tacoma, Wash., Jan. 17 – Morgan Stanley priced $110 million of 0% contingent income autocallable step-up securities due Jan. 18, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission. Investors will receive a contingent monthly coupon if the index closes at or above the barrier level, which is 70% of the initial index level, on a monthly

determination date. Otherwise, no contingent monthly coupon will be paid that month. Initially, the contingent monthly coupon is 7% per year. It will step up to 8% on Jan. 18, 2018 and to 12% on Jan. 18, 2023. Beginning in January 2018, the notes will be automatically redeemed at par plus the contingent monthly coupon if the index closes at or above the initial index level on

any quarterly redemption determination date. If the notes are not called and the final index level is greater than or equal to the downside threshold level, which is 50% of the initial index level, the payout at maturity will be par plus the final contingent monthly coupon, if any. Otherwise, investors will be fully exposed to the index’s decline from its initial level. Morgan Stanley & Co. LLC is the agent.



Structured

Daily

The

Products

Issuer: Morgan StanleyIssue: Contingent income autocallable

securitiesUnderlying stock: Apple Inc. (Nasdaq: AAPL)Amount: $8,448,000Maturity: Jan. 18, 2018Coupon: 10% per year if closing price is

at least 70% of initial price on monthly determination date; otherwise, none

Price: ParPayout at maturity: If final share price is at least 70% of

initial, par plus contingent quarterly

payment; otherwise, full exposure to losses

Initial price: $485.92Threshold level: $340.144, 70% of initial share priceCall: Par plus contingent payment if closing

share price greater than initial share price on quarterly determination dates beginning Jan. 18, 2015

Pricing date: Jan. 15Settlement date: Jan. 18Agent: Morgan Stanley & Co. LLCFees: 3.5%Cusip: 61761JAT6

New Issue:Morgan Stanley prices $8.45 million contingent income autocallables linked to Apple

By Toni Weeks San Diego, Jan. 17 – Morgan Stanley priced $8.45 million of contingent income autocallable securities due Jan. 18, 2018 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission. If Apple stock closes at or above the barrier level – 70% of the initial share

price – on a monthly determination date, investors will receive a contingent payment of $8.3333 for each $1,000 security. Otherwise, no contingent payment will be made for that month. If the closing share price is greater than the initial share price on any quarterly determination date beginning Jan. 18, 2015, the notes will be automatically redeemed at

par plus the contingent payment. If the notes are not called and the final share price is greater than or equal to the barrier level, the payout at maturity will be par plus the contingent payment. If the final share price is less than the barrier level, investors will share in those losses. Morgan Stanley & Co. LLC is the agent.



Structured

Daily

The

Products


securitiesUnderlying index: Russell 2000Amount: $6,426,000Maturity: Jan. 18, 2028Coupon: Coupon will be paid monthly at rate

of 8.25% per year if index closes at or above coupon barrier level on determination date for that month

Price: ParPayout at maturity: Par plus final contingent monthly

coupon, if any, if final index level is greater than or equal to downside threshold; if final index level is less than downside threshold, full

exposure to index’s decline from initial level

Call: Beginning in January 2018, notes will be automatically redeemed at par plus contingent monthly coupon if index closes at or above initial index level on any quarterly redemption determination date

Initial index level: 884.60Coupon barrier level: 619.22, 70% of initial levelDownside threshold: 442.30, 50% of initial levelPricing date: Jan. 15Settlement date: Jan. 18Underwriter: Morgan Stanley & Co. LLCFees: 3.5%Cusip: 61761JAW9

New Issue:Morgan Stanley prices $6.43 million contingent income autocallables linked to Russell 2000

By Angela McDaniels Tacoma, Wash., Jan. 17 – Morgan Stanley priced $6.43 million of 0% contingent income autocallable securities due Jan. 18, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission. Investors will receive a contingent monthly coupon at the rate of 8.25% per year if the index closes at or above the

barrier level, which is 70% of the initial index level, on a monthly determination date. Otherwise, no contingent monthly coupon will be paid that month. Beginning in January 2018, the notes will be automatically redeemed at par plus the contingent monthly coupon if the index closes at or above the initial index level on any quarterly redemption determination date.

If the notes are not called and the final index level is greater than or equal to the downside threshold level, which is 50% of the initial index level, the payout at maturity will be par plus the final contingent monthly coupon, if any. Otherwise, investors will be fully exposed to the index’s decline from its initial level. Morgan Stanley & Co. LLC is the agent.



Structured

Daily

The

Products


securitiesUnderlying stock: MetLife, Inc. (Symbol: MET)Amount: $3,309,000Maturity: Jan. 18, 2018Coupon: 9% per year if closing price is at least

barrier price on monthly determination date; otherwise, none

Price: Par of $1,000Payout at maturity: If final share price is at least barrier

price, par plus contingent coupon; otherwise, number of MetLife shares equal to $1,000 divided by initial share

price or, at Morgan Stanley’s option, cash equivalent

Call: Par plus contingent coupon if closing share price is greater than or equal to initial share price on any quarterly determination date beginning Jan. 18, 2015

Initial price: $36.29Barrier level: $25.403, 70% of initial share pricePricing date: Jan. 15Settlement date: Jan. 18Agent: Morgan Stanley & Co. LLCFees: 3.5%Cusip: 61761JAU3

New Issue:Morgan Stanley sells $3.31 million contingent income autocallables tied to MetLife

By Marisa Wong Madison, Wis., Jan. 17 – Morgan Stanley priced $3.31 million of contingent income autocallable securities due Jan. 18, 2018 linked to the common stock of MetLife, Inc., according to a 424B2 filing with the Securities and Exchange Commission. If MetLife stock closes at or above the barrier level – 70% of the initial share price – on a monthly determination date, the

notes will pay a contingent monthly coupon of 9% per year. Otherwise, no contingent coupon will be paid that month. If the closing share price is greater than or equal to the initial share price on any quarterly determination date beginning Jan. 18, 2015, the notes will be automatically redeemed at par plus the contingent coupon. If the notes are not called and the final share price is greater than or equal to the

barrier level, the payout at maturity will be par plus the contingent coupon. If the final share price is less than the barrier level, the payout will be a number of MetLife shares equal to the principal amount of notes divided by the initial share price or, at the issuer’s option, the cash value of those shares. Morgan Stanley & Co. LLC is the agent.



Structured

Daily

The

Products

Issuer: Royal Bank of CanadaIssue: Reverse convertible notesUnderlying stock: Acme Packet, Inc. (Symbol: APKT)Amount: $755,000Maturity: April 18, 2013Coupon: 14.75%, payable monthlyPrice: ParPayout at maturity: Par in cash unless Acme Packet shares

fall below the protection price of $16.65, 70% of the initial price, and finish below the initial price, in which

case Acme Packet shares equal to $1,000 principal amount divided by the initial price

Initial price: $23.79Protection price: $16.65, 70% of $23.79Pricing date: Jan. 15Settlement date: Jan. 18Agent: RBC Capital Markets Corp.Fees: 2%Cusip: 78008SVQ6

New Issue:RBC prices $755,000 14.75% reverse convertibles linked to Acme Packet

New York, Jan. 17 - Royal Bank of Canada priced $755,000 of 14.75% reverse convertible notes due April 18, 2013 linked to Acme Packet, Inc. shares, according to a 424B2 filing with the Securities and

Exchange Commission. The payout at maturity will be par in cash unless Acme Packet shares fall below the protection price of $16.65, 70% of the initial price of $23.79, during the life of the

notes and finish below the initial price in which case the payout will be Acme Packet shares equal to $1,000 principal amount divided by the initial price. RBC Capital Markets Corp. is the agent.

Issuer: Royal Bank of CanadaIssue: Bullish enhanced return notesUnderlying stock: Intuitive Surgical Inc. (Nasdaq: ISRG)Amount: $3 millionMaturity: July 22, 2014Coupon: 0%Price: ParPayout at maturity: Par plus 300% of any stock gain,

capped at 30.6%; exposure to any losses

Initial share price: $503.59Pricing date: Jan. 15Settlement date: Jan. 23Agent: RBC Capital Markets, LLCFees: 1.5%Cusip: 78008SXA9

New Issue:RBC prices $3 million bullish enhanced notes on Intuitive Surgical

By Marisa Wong Madison, Wis., Jan. 17 – Royal Bank of Canada priced $3 million of 0% bullish enhanced return notes due July 22, 2014 linked to Intuitive Surgical Inc. shares,

according to a 424B2 filing with the Securities and Exchange Commission. The payout at maturity will be par plus triple any gain in the price of Intuitive Surgical shares, up to a maximum return of

30.6%. Investors will be exposed to any losses. RBC Capital Markets, LLC is the agent.



Structured

Daily

The

Products

Issuer: Royal Bank of CanadaIssue: Fixed-to-floating notesAmount: $5,124,000Maturity: Jan. 22, 2015Coupon: 2% for first year; after that, Libor plus

15 bps, subject to a maximum coupon of 4%; payable quarterly

Price: ParPayout at maturity: ParPricing date: Jan. 16Settlement date: Jan. 22Underwriter: RBC Capital Markets, LLCFees: 0.5%Cusip: 78008SLQ7

New Issue:RBC prices $5.12 million fixed-to-floaters with 2% initial rate

By Jennifer Chiou New York, Jan. 17 – Royal Bank of Canada priced $5,124,000 of fixed-to-floating notes due Jan. 22, 2015, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 2% for the first year. After that, it will be equal to Libor plus 15 basis points, subject to a maximum interest rate of 4%. Interest is payable quarterly. The payout at maturity will be par. RBC Capital Markets, LLC is the underwriter.

Issuer: Royal Bank of CanadaIssue: Buffered enhanced return notesUnderlying index: S&P 500Amount: $2,268,000Maturity: Dec. 18, 2014Coupon: 0%Price: ParPayout at maturity: Par plus 120% of any index gain,

capped at 12.34%; par if index falls by

15% or less; 1.1765% loss for every 1% decline beyond 15%

Initial index level: 1,472.34Buffer level: 85% of initial levelPricing date: Jan. 15Settlement date: Jan. 23Agent: RBC Capital Markets, LLCFees: NoneCusip: 78008SVK9

New Issue:RBC prices $2.27 mln buffered enhanced return notes tied to S&P 500

By Jennifer Chiou New York, Jan. 17 – Royal Bank of Canada priced $2,268,000 of 0% buffered enhanced return notes due Dec. 18, 2014 linked to the S&P 500 index, according

to a 424B2 filing with the Securities and Exchange Commission. The payout at maturity will be par plus 1.2 times any gain in the index, up to a maximum return of $1,234 per $1,000

principal amount. Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%. RBC Capital Markets, LLC is the agent.



Structured

Daily

The

Products

Issuer: Royal Bank of CanadaIssue: Buffered enhanced return notesUnderlying index: MSCI EAFEAmount: $1,192,000Maturity: March 20, 2014Coupon: 0%Price: ParPayout at maturity: Par plus 200% of any index gain,

capped at 11.34%; par if index falls by

12.5% or less; 1.1429% loss for every 1% decline beyond 12.5%

Initial index level: 1,656.96Buffer level: 87.5% of initial levelPricing date: Jan. 15Settlement date: Jan. 23Agent: RBC Capital Markets, LLCFees: NoneCusip: 78008SVL7

New Issue:RBC prices $1.19 million buffered enhanced return notes on MSCI EAFE

By Jennifer Chiou New York, Jan. 17 – Royal Bank of Canada priced $1,192,000 of 0% buffered enhanced return notes due March 20, 2014 linked to the MSCI EAFE index,

according to a 424B2 filing with the Securities and Exchange Commission. The payout at maturity will be par plus two times any gain in the index, up to a maximum return of $1,134 per $1,000

principal amount. Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%. RBC Capital Markets, LLC is the agent.

Issuer: Royal Bank of CanadaIssue: Fixed-to-floating notesAmount: $100 millionMaturity: Jan. 22, 2015Coupon: 0.5% for first year; after that, Libor

plus 10 bps, subject to a maximum coupon of 1.25%; payable quarterly

Price: ParPayout at maturity: ParPricing date: Jan. 16Settlement date: Jan. 22Underwriter: RBC Capital Markets, LLCFees: 0.1%Cusip: 78008SVS2

New Issue:RBC prices $100 million fixed-to-floaters with 0.5% initial rate

By Jennifer Chiou New York, Jan. 17 – Royal Bank of Canada priced $100 million of fixed-to-floating notes due Jan. 22, 2015, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 0.5% for the first year. After that, it will be equal to Libor plus 10 basis points, subject to a maximum interest rate of 1.25%. Interest is payable quarterly. The payout at maturity will be par. RBC Capital Markets, LLC is the underwriter.



Structured

Daily

The

Products

Issuer: UBS AG, London BranchIssue: Trigger phoenix autocallable

optimization securitiesUnderlying stock: Bank of America Corp. (NYSE: BAC)Amount: $250,000Maturity: Jan. 27, 2014Coupon: 10.17%, payable quarterly if stock

closes at or above trigger price on observation date for that quarter

Price: Par of $10.00Payout at maturity: Par plus contingent coupon if Bank

of America shares finish at or above trigger price; otherwise, par plus stock

returnCall: Automatically at par plus contingent

coupon if Bank of America shares close at or above initial price on a quarterly observation date

Initial share price: $11.28Trigger price: $8.46, 75% of initial pricePricing date: Jan. 17Settlement date: Jan. 23Underwriters: UBS Financial Services Inc. and UBS

Investment BankFees: 1.5%Cusip: 90270V568

New Issue:UBS prices $250,000 trigger phoenix autocallable optimization securities linked to Bank of America

New York, Jan. 17 – UBS AG, London Branch priced $250,000 of trigger phoenix autocallable optimization securities due Jan. 27, 2014 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission. If Bank of America stock closes at or above the trigger price – 75% of the initial

share price – on a quarterly observation date, the issuer will pay a contingent coupon for that quarter at the rate of 10.17%. Otherwise, no coupon will be paid that quarter. If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and Bank of America shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price. UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer: UBS AG, London BranchIssue: Trigger yield optimization notesUnderlying stock: Cummins Inc. (NYSE: CMI)Amount: $138,753Maturity: Jan. 23, 2014Coupon: 7.04%, payable monthlyPrice: Par of $114.20Payout at maturity: If final share price is less than trigger

price, one Cummins share; otherwise,

parInitial share price: $114.20Trigger price: $91.36, 80% of initial pricePricing date: Jan. 17Settlement date: Jan. 23Underwriters: UBS Financial Services Inc. and UBS

Investment BankFees: 2%Cusip: 90270V626

New Issue:UBS prices $138,753 7.04% trigger yield optimization notes on Cummins

New York, Jan. 17 – UBS AG, London Branch priced $138,753 of 7.04% trigger yield optimization notes due Jan. 23, 2014 linked to the common stock of Cummins Inc., according to a 424B2 filing with the Securities and Exchange

Commission. The face amount of each note is $114.20, which is equal to the initial share price of Cummins stock. Interest is payable monthly. The payout at maturity will be par

unless the final price of Cummins stock is less than 80% of the initial share price, in which case investors will receive one Cummins share per note. UBS Financial Services Inc. and UBS Investment Bank are the underwriters.



Structured

Daily

The

Products


optimization securitiesUnderlying stock: Intel Corp. (Nasdaq: INTC)Amount: $241,000Maturity: Jan. 27, 2014Coupon: 7.52%, payable quarterly if

stock closes at or above trigger price on observation date for that quarter

Price: Par of $10.00Payout at maturity: Par plus contingent coupon if Intel

shares finish at or above trigger price;

otherwise, par plus stock returnCall: Automatically at par plus contingent

coupon if Intel shares close at or above initial price on a quarterly observation date



New Issue:UBS prices $241,000 trigger phoenix autocallables linked to Intel

New York, Jan. 17 – UBS AG, London Branch priced $241,000 of trigger phoenix autocallable optimization securities due Jan. 27, 2014 linked to the common stock of Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission. If Intel stock closes at or above the trigger price – 80% of the initial share

price – on a quarterly observation date, the issuer will pay a contingent coupon for that quarter at the rate of 7.52%. Otherwise, no coupon will be paid that quarter. If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and Intel shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price. UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer: UBS AG, London BranchIssue: Trigger autocallable optimization

securitiesUnderlying stock: Joy Global Inc. (NYSE: JOY)Amount: $170,000Maturity: Jan. 27, 2014Coupon: 0%Price: Par of $10.00Payout at maturity: Par if Joy Global shares finish at or

above trigger price; otherwise, full exposure to share price decline

Call: Automatically at par plus 14.50%

per year if Joy Global shares close at or above initial share price on any observation date, which occurs every quarter.



New Issue:UBS prices $170,000 trigger autocallables linked to Joy Global

New York, Jan. 17 – UBS AG, London Branch priced $170,000 of 0% trigger autocallable optimization securities due Jan. 27, 2014 linked to the common stock of Joy Global Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 14.50% per year if Joy Global shares close at or above the initial share price on any observation date, which occurs every quarter. If the notes are not called and Joy Global shares finish at or above the

trigger price, 65% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price. UBS Financial Services Inc. and UBS Investment Bank are the underwriters.



Structured

Daily

The

Products


optimization securitiesUnderlying stock: Southwestern Energy Co. (NYSE: SWN)Amount: $206,000Maturity: Jan. 27, 2014Coupon: 8.78%, payable quarterly if stock


Price: Par of $10.00Payout at maturity: Par plus contingent coupon if

Southwestern Energy shares finish at or above trigger price; otherwise, par

plus stock returnCall: Automatically at par plus contingent

coupon if Southwestern Energy shares close at or above initial price on a quarterly observation date



New Issue:UBS prices $206,000 trigger phoenix autocallable optimization securities linked to Southwestern Energy

New York, Jan. 17 – UBS AG, London Branch priced $206,000 of trigger phoenix autocallable optimization securities due Jan. 27, 2014 linked to the common stock of Southwestern Energy Co., according to a 424B2 filing with the Securities and Exchange Commission. If Southwestern Energy stock closes at or above the trigger price – 76% of

the initial share price – on a quarterly observation date, the issuer will pay a contingent coupon for that quarter at the rate of 8.78%. Otherwise, no coupon will be paid that quarter. If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and Southwestern Energy shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price. UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer: UBS AG, London BranchIssue: Trigger yield optimization notesUnderlying stock: United Rentals, Inc. (NYSE: URI)Amount: $265,767.04Maturity: Jan. 23, 2014Coupon: 10.27%, payable monthlyPrice: Par of $49.28Payout at maturity: If final share price is less than trigger

price, one United Rentals share;

otherwise, parInitial share price: $49.28Trigger price: $34.50, 70% of initial pricePricing date: Jan. 17Settlement date: Jan. 23Underwriters: UBS Financial Services Inc. and UBS


New Issue:UBS prices $265,767 10.27% trigger yield optimization notes linked to United Rentals

New York, Jan. 17 – UBS AG, London Branch priced $265,767.04 of 10.27% trigger yield optimization notes due Jan. 23, 2014 linked to the common stock of United Rentals, Inc., according to a 424B2 filing with the Securities and Exchange

Commission. The face amount of each note is $49.28, which is equal to the initial share price of United Rentals stock. Interest is payable monthly. The payout at maturity will be par

unless the final price of United Rentals stock is less than 70% of the initial share price, in which case investors will receive one United Rentals share per note. UBS Financial Services Inc. and UBS Investment Bank are the underwriters.



Structured

Daily

The

Products

Issuer: UBS AG, London BranchIssue: Trigger yield optimization notesUnderlying stock: United States Steel Corp. (NYSE: X)Amount: $249,914Maturity: Jan. 23, 2014Coupon: 10.81%, payable monthlyPrice: Par of $24.70Payout at maturity: If final share price is less than trigger

price, one U.S. Steel share; otherwise,

parInitial share price: $24.70Trigger price: $19.76, 80% of initial pricePricing date: Jan. 17Settlement date: Jan. 23Underwriters: UBS Financial Services Inc. and UBS


New Issue:UBS prices $249,914 10.81% trigger yield optimization notes linked to U.S. Steel

New York, Jan. 17 – UBS AG, London Branch priced $249,914 of 10.81% trigger yield optimization notes due Jan. 23, 2014 linked to the common stock of United States Steel Corp., according to a 424B2 filing with the Securities and Exchange

Commission. The face amount of each note is $24.70, which is equal to the initial share price of U.S. Steel stock. Interest is payable monthly. The payout at maturity will be par

unless the final price of U.S. Steel stock is less than 80% of the initial share price, in which case investors will receive one U.S. Steel share per note. UBS Financial Services Inc. and UBS Investment Bank are the underwriters.


optimization securitiesUnderlying stock: United States Steel Corp. (NYSE: X)Amount: $130,000Maturity: Jan. 27, 2014Coupon: 9.66%, payable quarterly if stock


Price: Par of $10.00Payout at maturity: Par plus contingent coupon if U.S.

Steel shares finish at or above trigger price; otherwise, par plus stock

returnCall: Automatically at par plus contingent

coupon if U.S. Steel shares close at or above initial price on a quarterly observation date



New Issue:UBS prices $130,000 trigger phoenix autocallables linked to U.S. Steel

New York, Jan. 17 – UBS AG, London Branch priced $130,000 of trigger phoenix autocallable optimization securities due Jan. 27, 2014 linked to the common stock of United States Steel Corp., according to a 424B2 filing with the Securities and Exchange Commission. If U.S. Steel stock closes at or above the trigger price – 60% of the initial share price – on a quarterly observation date, the issuer will pay a contingent coupon for that quarter at the rate of 9.66%. Otherwise, no coupon will be paid that quarter.

If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par plus the contingent coupon. If the notes are not called and U.S. Steel shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price. UBS Financial Services Inc. and UBS Investment Bank are the underwriters.



Structured

Daily

The

Products

Issuer: Federal Home Loan BanksIssue: Step up notesAmount: $55 millionMaturity: Jan. 30, 2023Coupon: 1% initial ratePrice: Par

Call: Bermuda callPricing date: Jan. 2Settlement date: Jan. 30Underwriters: Cantor Fitzgerald and IncapitalCusip: 313381Q65

New Issue:FHLB upsizes to $55 million 10-year callable step up notes at 1% initial rate

New York, Jan. 17 - Federal Home Loan Banks upsized to $55 million its sale of 1% initial rate 10-year callable step up notes at par, according to the agency’s web site.

The bonds will mature on Jan. 30, 2023 and have a Bermuda call. FHLB originally priced $35 million of the issue. Cantor Fitzgerald and Incapital are the managers.

Issuer: Federal Home Loan BanksIssue: Step up notesAmount: $50 millionMaturity: Jan. 30, 2018Coupon: 0.5% initial ratePrice: Par

Call: Bermuda callPricing date: Jan. 17Settlement date: Jan. 30Underwriters: Raymond James and BOSC Inc.Cusip: 313381XS9

New Issue:FHLB prices $50 mln five-year callable step up notes at 0.5% initial rate

New York, Jan. 17 - Federal Home Loan Banks priced $50 million of 0.5% initial rate five-year callable step

up notes at par, according to the agency’s web site. The bonds will mature on Jan. 30, 2018

and have a Bermuda call. Raymond James and BOSC Inc. are the managers.

Issuer: Federal Home Loan BanksIssue: Capped floatersAmount: $40 millionMaturity: Jan. 30, 2023Coupon: FloatingPrice: Par

Call: Bermuda callPricing date: Jan. 8Settlement date: Jan. 30Underwriter: Morgan StanleyCusip: 313381UH6

New Issue:FHLB upsizes to $40 million 10-year callable capped floaters

New York, Jan. 17 - Federal Home Loan Banks upsized to $40 million its sale of 1.35% 10-year callable capped floaters at

par, according to the agency’s web site. The bonds will mature on Jan. 30, 2023 and have a Bermuda call.

FHLB originally priced $30 million of the issue. Morgan Stanley is the manager.



Structured

Daily

The

Products

Issuer: Federal Home Loan BanksIssue: Step up notesAmount: $20 millionMaturity: Feb. 13, 2018Coupon: 0.5% initial ratePrice: Par

Call: Bermuda callPricing date: Jan. 17Settlement date: Feb. 13Underwriter: Vining SparksCusip: 313381XU4

New Issue:FHLB prices $20 mln five-year callable step up notes at 0.5% initial rate

New York, Jan. 17 - Federal Home Loan Banks priced $20 million of 0.5% initial rate five-year callable step up notes at par, according to the agency’s web site.

The bonds will mature on Feb. 13, 2018 and have a Bermuda call. Vining Sparks is the manager.


Call: Canary callPricing date: Jan. 16Settlement date: Jan. 24Underwriter: Deutsche BankCusip: 313381XC4

New Issue:FHLB prices $15 mln 15-year callable step up notes at 1.5% initial rate

New York, Jan. 17 - Federal Home Loan Banks priced $15 million of 1.5% initial rate 15-year callable step up notes at par, according to the agency’s web site.

The bonds will mature on Jan. 24, 2028 and have a Canary call. Deutsche Bank is the manager.


Call: Bermuda callPricing date: Jan. 16Settlement date: Jan. 30Underwriters: Amherst and JVBCusip: 313381X83

New Issue:FHLB upsizes to $35 million 10-year callable step up notes at 1.5% initial rate

New York, Jan. 17 - Federal Home Loan Banks upsized to $35 million its sale of 1.5% initial rate 10-year callable step up notes

at par, according to the agency’s web site. The bonds will mature on Jan. 30, 2023 and have a Bermuda call.

FHLB originally priced $25 million of the issue. Amherst and JVB are the managers.



Structured

Daily

The

Products


Call: Bermuda callPricing date: Jan. 17Settlement date: Jan. 28Underwriter: JVBCusip: 313381XD2

New Issue:FHLB prices $15 million 15-year callable step up notes at 2.25% initial rate


The bonds will mature on Jan. 28, 2028 and have a Bermuda call. JVB is the manager.


Call: Bermuda callPricing date: Jan. 17Settlement date: Jan. 25Underwriter: JVBCusip: 313381XE0

New Issue:FHLB prices $15 million 15-year callable step up notes at 1% initial rate

New York, Jan. 17 - Federal Home Loan Banks priced $15 million of 1% initial rate 15-year callable step up notes at par, according to the agency’s web site.

The bonds will mature on Jan. 25, 2028 and have a Bermuda call. JVB is the manager.


Call: Bermuda callPricing date: Jan. 17Settlement date: Jan. 30Underwriter: IncapitalCusip: 313381XF7

New Issue:FHLB prices $15 mln 10-year callable step up notes at 1.5% initial rate


The bonds will mature on Jan. 30, 2023 and have a Bermuda call. Incapital is the manager.



Structured

Daily

The

Products

Issuer: Federal Home Loan BanksIssue: Step up notesAmount: $15 millionMaturity: Feb. 14, 2023Coupon: 1% initial ratePrice: Par

Call: Bermuda callPricing date: Jan. 17Settlement date: Feb. 14Underwriter: JVBCusip: 313381XK6

New Issue:FHLB prices $15 million 10-year callable step up notes at 1% initial rate

New York, Jan. 17 - Federal Home Loan Banks priced $15 million of 1% initial rate 10-year callable step up notes at par, according to the agency’s web site.

The bonds will mature on Feb. 14, 2023 and have a Bermuda call. JVB is the manager.


Call: Bermuda callPricing date: Jan. 17Settlement date: Jan. 28Underwriter: IncapitalCusip: 313381XG5

New Issue:FHLB prices $15 million 15-year callable step up notes at 2.375% initial rate





Structured

Daily

The

Products


Call: Bermuda callPricing date: Jan. 17Settlement date: Jan. 29Underwriter: IncapitalCusip: 313381Y25

New Issue:FHLB prices $15 mln eight-year callable step up notes at 1% initial rate

New York, Jan. 17 - Federal Home Loan Banks priced $15 million of 1% initial rate eight-year callable step up notes at par, according to the agency’s web site.



Call: Bermuda callPricing date: Jan. 17Settlement date: Jan. 29Underwriters: Raymond James and BOSC Inc.Cusip: 313381XQ3

New Issue:FHLB prices $15 mln eight-year callable step up notes at 1% initial rate

New York, Jan. 17 - Federal Home Loan Banks priced $15 million of 1% initial rate eight-year callable step up

notes at par, according to the agency’s web site. The bonds will mature on Jan. 29, 2021

and have a Bermuda call. Raymond James and BOSC Inc. are the managers.


Prospect NewsThe

Structured

DailyProductsStructured Products Calendar

BANK OF AMERICA CORP.

• 0% Currency Market Index Target-Term Securities due February 2016 linked to the Chinese renminbi relative to the dollar; via Bank of America Merrill Lynch; pricing in January

• 0% lock-in notes due February 2016 linked to the Dow Jones industrial average; 87% to 97% trigger; via Bank of America Merrill Lynch; pricing in January

• 0% Market Index Target-Term Securities due January 2019 linked to the Dow Jones industrial average; via Bank of America Merrill Lynch; pricing in January

• 0% Accelerated Return Notes due April 2014 linked to the Merrill Lynch Commodity index eXtra - Excess Return; via Bank of America Merrill Lynch; pricing in January

• 0% Accelerated Return Notes due April 2014 linked to the Merrill Lynch Commodity index eXtra Precious Metals Plus – Excess Return; via Bank of America Merrill Lynch; pricing in January

• 0% Accelerated Return Notes due March 2014 linked to the MSCI EAFE index; via Bank of America Merrill Lynch; pricing in January

• Market-linked step-up notes due February 2016 linked to the MSCI EAFE index; via Bank of America Merrill Lynch; pricing in January

• Capped Leveraged Index Return Notes due January 2015 linked to the Nikkei Stock Average index; via Bank of America Merrill Lynch; pricing in January

• 0% Accelerated Return Notes due March 2014 linked to the Russell 2000 index; via Bank of America Merrill Lynch; pricing in January

• Autocallable market-linked step-up notes due January 2016 linked to the Russell 2000 index; via Bank of America Merrill Lynch; pricing in January

• 0% Accelerated Return Notes due January 2015 linked to the S&P 500 index; via Bank of America Merrill Lynch; pricing in January

• Autocallable market-linked step-up notes due January 2016 linked to the S&P 500 index; via Bank of America Merrill Lynch; pricing in January

• Autocallable market-linked step-up notes due January 2016 linked to the S&P 500 index; via Bank of America Merrill Lynch; pricing in January

BANK OF MONTREAL

• 0% senior medium-term notes, series B, due Jan. 28, 2014 linked to Raymond James Analysts’ Best Picks for 2013; via BMO Capital Markets Corp.; settlement Jan. 23; Cusip: 06366RJT3

• Buffered bullish return notes due Jan. 30, 2015 linked to the iShares MSCI EAFE index fund; 80% trigger; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RKZ7

• 0% contingent risk absolute return notes due Jan. 30, 2015 linked to the iShares MSCI EAFE index fund; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RLC7

• 0% autocallable cash-settled notes with step-up call price due Jan. 30, 2015 linked to the iShares MSCI EAFE index fund; 85% trigger; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RKN4

• 0% buffered bullish digital return notes due Jan. 29, 2016 linked to the iShares MSCI EAFE index fund; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RKV6

• 0% contingent risk absolute return notes due Jan. 30, 2015 linked to the iShares MSCI Emerging Markets index fund; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RLD5

• 0% contingent risk absolute return notes due Jan. 30, 2015 linked to the iShares Russell 2000 index fund; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RLE3

• 0% autocallable cash-settled notes with step-up call price due Jan. 30, 2015 linked to the iShares Russell 2000 index fund; 85% trigger; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RKP9

• 0% buffered bullish digital return notes due Jan. 29, 2016 linked to the iShares Russell 2000 index fund; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RKS3

• 0% autocallable cash-settled notes with step-up call price due Jan. 30, 2015 linked to the Market Vectors Gold Miners exchange-traded fund; 85% trigger; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RKQ7

• 0% buffered bullish digital return notes due Jan. 29, 2016 linked to the Market Vectors Gold Miners exchange-traded fund; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RKU8

• 0% buffered bullish notes due Jan. 30, 2015 linked to the S&P 500 index; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RKY0



Prospect NewsThe

Structured


• 0% buffered bullish digital return notes due Jan. 29, 2016 linked to the S&P 500 index; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RKR5

• 0% autocallable barrier notes with step-up call price due Jan. 29, 2016 linked to the S&P 500 index; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RKM6

• 0% buffered bullish digital return notes due Jan. 29, 2016 linked to the SPDR Dow Jones Industrial Average ETF Trust; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RKT1

BANK OF NOVA SCOTIA

• Callable contingent interest range accrual barrier notes due Jan. 31, 2023 linked to the S&P 500 index; via Scotia Capital (USA) Inc.; pricing Jan. 25; Cusip: 064159BK1

• 0% series A capped buffered enhanced participation notes due Jan. 29, 2016 linked to the S&P/TSX 60 index; via Scotia Capital (USA) Inc.; pricing Jan. 25; Cusip: 064159BL9

• Callable contingent interest notes due Jan. 31, 2020 linked to the Russell 2000 index; 75% trigger; via Scotia Capital (USA) Inc.; pricing Jan. 28; Cusip: 064159BG0

• Callable contingent interest notes due Jan. 31, 2020 linked to the S&P 500 index; 80% trigger; via Scotia Capital (USA) Inc.; pricing Jan. 28; Cusip: 064159BH8

BANK OF THE WEST

• Contingent variable income market-linked certificates of deposit due Jan. 30, 2019 linked to a basket of 10 stocks (Altria Group, Inc., AT&T Inc., Barrick Gold Corp., Exelon Corp., Kinder Morgan, Inc., Lockheed Martin Corp., PPL Corp., Reynolds American Inc., Spectra Energy Corp. and Verizon Communications Inc.); via BNP Paribas Securities Corp.; pricing Jan. 25; Cusip: 06426XFS4

• Contingent variable income market-linked certificates of deposit due Jan. 30, 2020 linked to a basket of 10 stocks selected from the S&P Capital IQ Stars Universe (Altria Group, Inc., Coach, Inc., ConocoPhilips, Johnson & Johnson, Kinder Morgan, Inc., Lorillard Inc., McDonald’s Corp., PepsiCo, Inc., PPL Corp. and Spectra Energy Corp.); via BNP Paribas Securities Corp.; pricing Jan. 25; Cusip number is 06426XFT2

• Contingent variable income market-linked certificates of deposit due Jan. 30, 2020 linked to a basket of 10 stocks (Altria Group, Inc.,

AT&T Inc., Barrick Gold Corp., Exelon Corp., Kinder Morgan, Inc., Lockheed Martin Corp., PPL Corp., Reynolds American Inc., Spectra Energy Corp. and Verizon Communications Inc.)’ via BNP Paribas Securities Corp.; pricing Jan. 25; Cusip: 06426XFU9

• Market-linked certificates of deposit due Jan. 30, 2020 linked to the Morningstar Ultimate Stock-Pickers Target Volatility 7 index; via BNP Paribas Securities Corp. with Advisors Asset Management, Inc.; pricing Jan. 25; Cusip: 06426XFW5

• Contingent variable income market-linked certificates of deposit due Jan. 30, 2020 linked to a basket of commodity futures indexes (S&P GSCI Cocoa Dynamic Roll Index ER, S&P GSCI Coffee Dynamic Roll Index ER, S&P GSCI Corn Dynamic Roll Index ER, S&P GSCI Cotton Dynamic Roll Index ER, S&P GSCI Gold Dynamic Roll Index ER, S&P GSCI Lead Dynamic Roll Index ER, S&P GSCI Natural Gas Dynamic Roll Index ER, S&P GSCI Nickel Dynamic Roll Index ER, S&P GSCI Sugar Dynamic Roll Index ER and S&P GSCI Wheat Dynamic Roll Index ER); via BNP Paribas Securities Corp.; pricing Jan. 25; Cusip: 06426XFV7

BARCLAYS BANK DELAWARE

• Certificates of deposit due Jan. 30, 2018 linked to a basket of 10 common stocks including Darden Restaurants, Inc., Eli Lilly and Co., Freeport-McMoRan Copper & Gold Inc., Northeast Utilities, Inc., Progressive Corp., Silver Wheaton Corp., Starbucks Corp., Verizon Communications Inc., Walgreen Co. and Yum! Brands Inc.; via Barclays; pricing Jan. 25; Cusip: 06740AXG9

• Certificates of deposit due Jan. 30, 2020 linked to a basket of 10 commodity subindexes including S&P GSCI Sugar Index Excess Return, the S&P GSCI Cocoa Index Excess Return, the S&P GSCI Corn Index Excess Return, the S&P GSCI Lean Hogs Index Excess Return, the S&P GSCI Cotton Index Excess Return, the S&P GSCI Precious Metals Index Excess Return, the S&P GSCI Natural Gas Index Excess Return, the S&P GSCI Lead Index Excess Return, the S&P GSCI Nickel Index Excess Return and the S&P GSCI Zinc Index Excess Return; via Barclays; pricing Jan. 25; Cusip: 06740AXK0

BARCLAYS BANK PLC

• 9.5% to 11.5% autocallable yield notes due Jan. 27, 2014 linked to the S&P 500 index and the Market Vectors Gold Miners exchange-traded fund; via Barclays; pricing Jan. 23; Cusip: 06741TMJ3

• Fixed-rate step-up callable notes due Jan. 28, 2028; via Barclays; settlement Jan. 28; Cusip: 06741TMN4

Continued from page 29



Prospect NewsThe

Structured


• 0% buffered Super Track notes due Feb. 2, 2015 linked to the iShares Russell 2000 index fund; via Barclays; pricing Jan. 28; Cusip: 06741TMW4

• 9.65% reverse convertible notes due Aug. 1, 2013 linked to Joy Global Inc. stock; via Barclays Capital; pricing Jan. 28; Cusip: 06741JWM7

• Notes due Jan. 31, 2018 linked to a basket of 10 commodity indexes (S&P GSCI Sugar Index Excess Return, S&P GSCI Cocoa Index Excess Return, S&P GSCI Corn Index Excess Return, S&P GSCI Cotton Index Excess Return, S&P GSCI Lean Hogs Index Excess Return, S&P GSCI Precious Metals Index Excess Return, S&P GSCI Natural Gas Index Excess Return, S&P GSCI Lead Index Excess Return, S&P GSCI Nickel Index Excess Return and S&P GSCI Zinc Index Excess Return); via Barclays; pricing Jan. 28; Cusip: 06741TMF1

• 0% buffered digital plus notes due July 31, 2017 linked to the Dow Jones industrial average; via Barclays; pricing Jan. 29; Cusip: 06741TMH7

• 0% buffered digital notes due Jan. 29, 2016 linked to the Russell 2000 index; 80% trigger; via Barclays; pricing Jan. 29; Cusip: 06741TMK0

• Contingent income autocallable securities due Feb. 4, 2016 linked to the common stock of Amazon.com, Inc.; via Barclays with Morgan Stanley Smith Barney LLC as dealer; pricing Jan. 30; Cusip: 06742A172

• 0% Accelerated Return Notes due March 2014 linked to Microsoft Corp., Oracle Corp., Cisco Systems, Inc. and Qualcomm, Inc.; via Bank of America Merrill Lynch; pricing in January

• Capped Leveraged Index Return Notes due February 2015 linked to the gold spot price; via Bank of America Merrill Lynch; pricing in January

• 0% Accelerated Return Notes due March 2014 linked to the MSCI Emerging Markets index; via Bank of America Merrill Lynch; pricing in January

• 0% Accelerated Return Notes due March 2014 linked to the NYSE Arca Gold Miners index; via Bank of America Merrill Lynch; pricing in January

• 0% notes due Feb. 10, 2016 linked to the EquityCompass Share Buyback index; via Barclays; pricing Feb. 5; Cusip: 06741TMQ7

BNP PARIBAS

• 0% quarterly review notes due Jan. 29, 2014 linked to Brent crude oil; via BNPP Securities; pricing Jan. 18; Cusip: 05574LEN4

• 0% notes due Feb. 5, 2014 linked to Euro Stoxx 50 index, the FTSE 100 index and the Topix index; 90% trigger; via BNPP Securities; pricing Jan. 18; Cusip: 05574LEL8

• 0% contingent buffered equity notes due Feb. 3, 2014 linked to the Hang Seng China Enterprises Index and the spot rate of the Hong Kong dollar; via BNPP Securities; pricing Jan. 18; Cusip: 05574LEM6

• Contingent variable income notes due Jan. 31, 2018 linked to Altria Group, Inc., AT&T, Inc., Barrick Gold Corp., Exelon Corp., Kinder Morgan, Lockheed Martin Corp., PPL Corp., Reynolds American Inc., Spectra Energy Corp. and Verizon Communications Inc.; via BNP Paribas Securities; pricing Jan. 28; Cusip: 05574LEB0

• Low barrier notes due Jan. 31, 2018 linked to the Russell 2000 index; via BNP Paribas Securities Corp.; pricing Jan. 28; Cusip: 05574LEA2

• 0% capped twin win notes due Feb. 2, 2015 linked to the Russell 2000 index and the S&P 500 index; 65% trigger; via BNPP Securities with Advisors Asset Management, Inc.; pricing Jan. 28; Cusip: 05574LEC8

• 0% autocallable certi plus notes due Dec. 28, 2015 linked to the worst of the Russell 2000 index and the S&P 500 index; 60% trigger; via BNPP Securities with Advisors Asset Management, Inc.; pricing Jan. 28; Cusip: 05574LED6

CITIBANK, NA

• Callable fixed-to-inverse-floating-rate market-linked certificates of deposit due Jan. 30, 2033 linked to the Russell 2000 index; via Citigroup Global Markets Inc.; pricing Jan. 25; Cusip: 172986GA3

CITIGROUP FUNDING INC.

• 7.35%-9.35% airbag autocallable yield optimization notes due Jan. 27, 2014 linked to Aeropostale, Inc.; via Citigroup Global Markets Inc. and UBS Financial Services Inc.; pricing Jan. 18; Cusip: 1730T0RF8

• 6.3%-8.3% airbag autocallable yield optimization notes due Jan. 27, 2014 linked to Tesoro Corp.; via Citigroup Global Markets




Prospect NewsThe

Structured


Inc. and UBS Financial Services Inc.; pricing Jan. 18; Cusip: 1730T0RH4

• 6.6%-8.6% airbag autocallable yield optimization notes due Jan. 27, 2014 linked to United States Steel Corp.; via Citigroup Global Markets Inc. and UBS Financial Services Inc.; pricing Jan. 18; Cusip: 1730T0RG6

• 7%-9% annualized single observation Equity LinKed Securities due July 25, 2013 linked to Cummins Inc. shares; via Citigroup Global Markets Inc.; pricing Jan. 22; Cusip: 17318Q285

• Callable Libor and S&P 500 index-linked range accrual notes due Jan. 25, 2028; via Citigroup Global Markets Inc.; pricing Jan. 22; Cusip: 1730T0RA9

• Autocallable contingent coupon equity-linked securities due July 30, 2014 linked to JPMorgan Chase & Co.; via Citigroup Global Markets; pricing Jan. 25; Cusip: 1730T0ZY8

• Callable barrier range accrual notes due Jan. 30, 2023 linked to the Russell 2000 index; via Citigroup Global Markets Inc.; pricing Jan. 25; Cusip: 1730T0RC5

• Callable barrier range accrual notes due Jan. 30, 2023 linked to the Russell 2000 index; via Citigroup Global Markets Inc.; pricing Jan. 25; Cusip: 1730T0RC5

• 0% trigger performance securities due Jan. 31, 2018 linked to the S&P 500 index; 50% trigger; via Citigroup Global Markets Inc. with UBS Financial Services Inc.; pricing Jan. 28; Cusip: 17318Q319

• 0% Performance Leveraged Upside Securities due Feb. 27, 2014 linked to the S&P 500 index; via Citigroup Global Markets Inc.; pricing Jan. 30; Cusip: 17318Q293

• Strategic market access notes due either July 31, 2014 or Feb. 2, 2015 linked to a basket of 10 energy-related Master Limited Partnerships (Access Midstream Partners, LP, DCP Midstream Partners, LP, Enterprise Products Partners LP, EQT Midstream Partners, LP, Golar LNG Partners LP, MarkWest Energy Partners, LP, Targa Resources Partners LP, Plains All American Pipeline, LP, Western Gas Partners, LP and Williams Partners LP); via Citigroup Global Markets Inc.; settlement in January; Cusip: 1730T0RB7

CREDIT SUISSE AG, NASSAU BRANCH

• 0% Buffered Accelerated Return Equity Securities due July 27, 2015 linked to the Russell 2000 index; via Credit Suisse Securities (USA) LLC; pricing Jan. 18; Cusip: 22546TS77

• 0% digital barrier notes due Jan. 27, 2015 linked to the S&P 500 index and the Russell 2000 index; via Credit Suisse Securities (USA) LLC; pricing Jan. 18; Cusip: 22546TS69

• 0% digital barrier securities due July 24, 2014 linked to the S&P 500 index and the Russell 2000 index; 70% trigger; via Credit Suisse Securities (USA) LLC; pricing Jan. 18; Cusip: 22546TU25

• 0% callable cert plus securities due Jan. 26, 2015 linked to the S&P 500 index and the Russell 2000 index; 70% trigger; via Credit Suisse Securities (USA) LLC; pricing Jan. 18; Cusip: 22546TU33

• Contingent coupon callable yield notes due Jan. 26, 2015 linked to United States Steel Corp. shares; via Credit Suisse Securities (USA) LLC; pricing Jan. 18; Cusip: 22546TU41

• Gold Shares covered call exchange-traded notes due Feb. 2, 2033 linked to the performance of the Credit Suisse Nasdaq Gold Flows 103 index; via Credit Suisse Securities (USA) LLC; pricing Jan. 28; Cusip: 22542D480

• 0% Buffered Accelerated Return Equity Securities due Jan. 30, 2015 linked to the Russell 2000 index; 90% trigger; via Credit Suisse Securities (USA) LLC; pricing Jan. 28; Cusip: 22546TQ95

• High/low coupon callable yield notes due July 31, 2014 linked to the Russell 2000 index and the United States Oil Fund, LP; 65% trigger; via Credit Suisse Securities (USA) LLC; pricing Jan. 28; Cusip: 22546TS28

• 0% digital plus barrier notes due Jan. 31, 2017 linked to the S&P 500 index; 70% trigger; via Credit Suisse Securities (USA) LLC; pricing Jan. 28; Cusip: 22546TQ61

• 0% digital plus barrier notes due Jan. 31, 2017 linked to the S&P 500 index and the Russell 2000 index; 70% trigger; Credit Suisse Securities (USA) LLC; pricing Jan. 28; Cusip: 22546TR37

• High/low coupon callable yield notes due July 31, 2014 linked to the S&P 500 index and the Russell 2000 index; 70% trigger; via Credit Suisse Securities (USA) LLC; pricing Jan. 28; Cusip: 22546TR94

• 0% callable Buffered Accelerated Return Equity Securities due Feb. 5, 2015 linked to the iShares MSCI EAFE index fund; via Credit Suisse Securities (USA) LLC; pricing Jan. 31; Cusip: 22546TR45

• High/low coupon callable yield notes due Aug. 5, 2014 linked to the Russell 2000 index and the United States Oil Fund, LP;




Prospect NewsThe

Structured


via Credit Suisse Securities (USA) LLC; pricing Jan. 31; Cusip: 22546TR86

• 8%-10% callable yield notes due Feb. 5, 2014 linked to the Russell 2000 index, the United States Oil Fund, LP and the Market Vectors Gold Miners exchange-traded fund; via Credit Suisse Securities (USA) LLC; pricing Jan. 31; Cusip: 22546TU58

• 0% Buffered Accelerated Return Equity Securities due Feb. 5, 2015 linked to the S&P 500 index; via Credit Suisse Securities (USA) LLC; pricing Jan. 31; Cusip: 22546TU90

• 0% digital plus barrier notes due Feb. 6, 2017 linked to the S&P 500 index; via Credit Suisse Securities (USA) LLC; pricing Jan. 31; Cusip: 22546TQ79

• High/low coupon callable yield notes due Aug. 5, 2014 linked to the S&P 500 index and the Russell 2000 index, LP; via Credit Suisse Securities (USA) LLC; pricing Jan. 31; Cusip: 22546TR78

• 0% Accelerated Return notes due March 2014 linked to the S&P 500 index; via Credit Suisse Securities (USA) LLC; pricing in January

• High/low coupon callable yield notes due Aug. 8, 2014 linked to the Russell 2000 index, the United States Oil Fund, LP and the Market Vectors Gold Miners exchange-traded fund; via Credit Suisse Securities (USA) LLC; pricing Feb. 5; Cusip: 22546TU82

DEUTSCHE BANK AG, LONDON BRANCH

• 0% return enhanced notes due Feb. 4, 2014 linked to the Hang Seng China Enterprises index and the Hong Kong dollar; via J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents; pricing Jan. 18; Cusip: 25152RBF9

• 0% autocallable securities due July 23, 2014 linked to the Mexican peso relative to the dollar; via JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents; pricing Jan. 18; Cusip: 25152RBE2

• Call warrants expiring Feb. 2, 2016 linked the Euro Stoxx 50 index; via Barclays; pricing Jan. 28; Cusip: 25154S364

• 0% return optimization securities due Feb. 28, 2014 linked to the S&P 500 index; via UBS Financial Services Inc. and Deutsche Bank Securities Inc.; pricing Jan. 28; Cusip: 25154S380

• 0% autocallable securities due Jan. 29, 2016 linked to the S&P 500 index and the Russell 2000 index; via Barclays; pricing Jan. 28; Cusip: 22546TT50

• 0% capped buffered underlying securities due Jan. 30, 2015 linked to a basket containing the S&P 500 index and the Russell 2000 index; via Deutsche Bank Securities Inc.; pricing Jan. 28; Cusip: 25152RAY9

• Callable step-up fixed-rate notes due Jan. 31, 2033; via Deutsche Bank Securities Inc.; settlement Jan. 31; Cusip: 25152RUU5

• 0% accelerated return securities due 2016 linked to the iShares MSCI EAFE index fund; 70% trigger; via Deutsche Bank Securities Inc.; Cusip: 25152RBG7

GOLDMAN SACHS BANK USA

• 0% index-linked certificates of deposit due Jan. 30, 2020 tied to the GS Momentum Builder Multi-Asset 2 ER index; via Goldman Sachs & Co.; pricing Jan. 25; Cusip: 38143A3V5

• 0% index-linked certificates of deposit due Jan. 30, 2020 linked to the Morningstar Wide Moat Focus Target Volatility 5 index; via Goldman Sachs & Co.; pricing Jan. 25; Cusip: 38143A3U7

• Autocallable contingent coupon certificates of deposit due Jan. 31, 2023 linked to the common stocks of Altria Group, Inc., Apple Inc., Barrick Gold Corp., Bristol-Myers Squibb Co., Cisco Systems, Inc., Eli Lilly and Co., McDonald’s Corp., PepsiCo, Inc., Verizon Communications Inc. and Wal-Mart Stores, Inc.; via Goldman Sachs & Co. and distributor Incapital LLC; pricing Jan. 28; Cusip: 38143A3X1

• Contingent coupon certificates of deposit due 2020 linked to Altria Group, Inc., Apple Inc., Barrick Gold Corp., Bristol-Myers Squibb Co., Cisco Systems, Inc., Eli Lilly and Co., McDonald’s Corp., PepsiCo, Inc., Verizon Communications Inc. and Wal-Mart Stores, Inc.; via Goldman Sachs & Co. with Incapital LLC; pricing Jan. 28; Cusip: 38143A4A0

• Contingent coupon certificates of deposit due 2020 linked to Altria Group, Inc., Apple Inc., Barrick Gold Corp., Bristol-Myers Squibb Co., Cisco Systems, Inc., Eli Lilly and Co., McDonald’s Corp., PepsiCo, Inc., Verizon Communications Inc. and Wal-Mart Stores, Inc.; via Goldman Sachs & Co. with Incapital LLC; pricing Jan. 28; Cusip: 38143A3Z6

• Contingent coupon certificates of deposit due 2020 linked to Altria Group, Inc., Apple Inc., Barrick Gold Corp., Bristol-Myers Squibb Co., Cisco Systems, Inc., Eli Lilly and Co., McDonald’s Corp., PepsiCo, Inc., Verizon Communications Inc. and Wal-Mart Stores, Inc.; via Goldman Sachs & Co. with Incapital LLC; pricing Jan. 28; Cusip: 38143A4C6




Prospect NewsThe

Structured


• Variable-coupon basket-linked certificates of deposit due Jan. 31, 2020 linked to a basket of common stocks (Apple Inc., Altria Group, Inc., Barrick Gold Corp., Bristol-Myers Squibb Co., Cisco Systems, Inc., Eli Lilly and Co., McDonald’s Corp., PepsiCo, Inc., Verizon Communications Inc. and Wal-Mart Stores, Inc.); via Goldman Sachs & Co., pricing Jan. 28; Cusip: 38143A3Y9

• 0% equity index-linked certificates of deposit due Feb. 4, 2020 linked to a basket of indexes (Euro Stoxx 50 index, MSCI Taiwan index, S&P/TSX 60 index and Dow Jones industrial average); via Goldman Sachs & Co.; pricing Jan. 28; Cusip: 38143A3W3

GOLDMAN SACHS GROUP, INC.

• 0% trigger leveraged index-linked notes due Feb. 5, 2014 tied to the S&P 500 index; via Goldman Sachs & Co.; pricing Jan. 18; Cusip: 38141GMH4

• Callable monthly buffered Russell 2000 index-linked range accrual notes due Jan. 31, 2018; 80% trigger; via Goldman Sachs & Co.; pricing Jan. 28; Cusip: 38141GLW2

• Callable monthly Russell 2000 index-linked range accrual notes due Jan. 31, 2023; via Goldman Sachs & Co.; pricing Jan. 28; Cusip: 38141GME1

• Variable-coupon notes due Jan. 31, 2020 linked to the Euro Stoxx 50 index, the MSCI EAFE index and the Dow Jones industrial average; via Goldman Sachs & Co.; pricing Jan. 29; Cusip: 38141GLN2

• 0% trigger notes due Feb. 1, 2019 linked to the Morningstar Wide Moat Focus Target Volatility 20 index; 70% to 75% trigger; via Goldman Sachs & Co.; pricing Jan. 29; Cusip: 38141GLP7

• Callable monthly Russell 2000 index-linked range accrual notes due Jan. 31, 2023; via Goldman Sachs & Co. pricing Jan. 29; Cusip: 38141GMF8

• Callable step-up fixed-rate notes due January 2028; via Goldman Sachs & Co. and Incapital LLC; pricing in January; Cusip: 38141GMK7

• 0% callable exchangeable equity-linked notes tied to the common stock of Apple Inc.; via Goldman Sachs & Co.; Cusip: 38141GMG6

• Callable quarterly CMS spread notes due 2028 linked to the 30-year Constant Maturity Swap Rate and the five-year CMS rate; via Goldman Sachs & Co.; Cusip: 38141GMD3

• 0% notes due Feb. 3, 2020 tied to the Dow Jones industrial average; via Goldman Sachs & Co.; Cusip: 38141GLQ5

• 0% leveraged buffered index-linked notes tied to the MSCI EAFE index; via Goldman Sachs & Co.

• 13- to 15-month 0% digital notes linked to Russell 2000 index; 85% trigger; via Goldman Sachs & Co.; Cusip: 38141GHR8

• 13- to 24-month 0% autocallable buffered index-linked notes tied to the Russell 2000 index; via Goldman Sachs & Co.

• 0% leveraged buffered notes due Feb. 3, 2015 linked to the Russell 2000 index; via Goldman Sachs & Co.; Cusip: 38141GLS1

• 42- to 48-month 0% leveraged buffered index-linked notes tied to the S&P 100 index; via Goldman Sachs & Co.; Cusip: 38143U7U9

• 13- to 15-month 0% index-linked digital notes tied to the S&P 500 index; via Goldman Sachs & Co.

• 17- to 20-month 0% leveraged buffered index-linked notes tied to the S&P 500 index; via Goldman Sachs & Co.

• 18- to 21-month 0% leveraged notes linked to the S&P 500 index; via Goldman Sachs & Co.

• 18- to 21-month 0% buffered notes linked to the S&P 500 index; 90% trigger; via Goldman Sachs & Co.

• 19- to 22-month 0% leveraged buffered notes linked to the S&P 500 index; 90% trigger; via Goldman Sachs & Co.

• 24- to 27-month 0% leveraged notes linked to the S&P 500 index due; via Goldman Sachs & Co.

• 24- to 27-month 0% leveraged buffered notes linked to the S&P 500 index; 90% trigger; via Goldman Sachs & Co.; Cusip: 38147H486

• 24- to 28-month 0% leveraged index-linked notes tied to the S&P 500 index; via Goldman Sachs & Co.

• 26- to 30-month 0% leveraged buffered notes linked to the S&P 500 index; 90% trigger; via Goldman Sachs & Co.

• 25- to 28-month 0% leveraged buffered index-linked notes tied to the S&P 500 index; via Goldman Sachs & Co.

• 0% leveraged buffered notes due Feb. 3, 2016 linked to the S&P 500 index; via Goldman Sachs & Co.; Cusip: 38141GLR3




Prospect NewsThe

Structured


• 42- to 48-month 0% leveraged buffered notes linked to the S&P 500 index due in 42 to 48 months; 70% trigger; via Goldman Sachs & Co.; Cusip: 38143U7U9

• 0% leveraged buffered index-linked notes tied to the S&P 500 index; via Goldman Sachs & Co.

• Four-month 0% notes linked to the Topix index; via Goldman Sachs & Co.

HSBC USA INC.

• 0% return enhanced notes due Feb. 3, 2014 linked to the performance of the deliverable Chinese renminbi relative to the dollar; via HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC; pricing Jan. 18; Cusip: 40432X7M7

• 0% digital plus barrier notes due Jan. 30, 2017 linked to the S&P 500 index; via HSBC Securities (USA) Inc.; pricing Jan. 18; Cusip: 40432X6W6

• 0% buffered Accelerated Market Participation Securities due Jan. 30, 2017 linked to the S&P 500 index, the Russell 2000 index and the MSCI EAFE index; via HSBC Securities (USA) Inc.; pricing Jan. 18; Cusip: 40432X6X4

• 0% buffered uncapped market participation securities due Jan. 27, 2017 linked to the Dow Jones industrial average; via HSBC Securities (USA) Inc.; pricing Jan. 24; Cusip: 40432X6D8

• 0% averaging notes due Jan. 29, 2019 linked to a basket of indexes (Hang Seng index, Taiwan Stock Exchange Capitalization Weighted Stock index, Korea Composite Stock Price Index 200 and MSCI Singapore Free index); via HSBC Securities (USA) Inc.; pricing Jan. 24; Cusip: 40432X5N7

• 0% buffered performance plus securities due July 29, 2015 linked to the S&P 500 index; via HSBC Securities (USA) Inc.; pricing Jan. 24; Cusip: 40432X6A4

• 0% buffered performance plus securities due Jan. 27, 2017 linked to the S&P 500 index; via HSBC Securities (USA) Inc.; pricing Jan. 24; Cusip: 40432X6B2

• 0% buffered uncapped market participation securities due Jan. 28, 2016 linked to the S&P 500 index; via HSBC Securities (USA) Inc.; pricing Jan. 24; Cusip: 40432X6C0

• 0% averaging notes due Jan. 29, 2019 linked to the S&P 500 Low Volatility index; via HSBC Securities (USA) Inc.; pricing Jan. 24; Cusip: 40432X5M9

• Income plus notes with 0.5% minimum coupon due Jan. 30, 2020 linked to a basket of stocks of Apple Inc., eBay Inc., Altria Group, Inc., PepsiCo, Inc. and Wal-Mart Stores, Inc.; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6S5

• Income plus notes with 1% minimum coupon due Jan. 30, 2020 linked to a basket of stocks of Apple Inc., eBay Inc., Altria Group, Inc., PepsiCo, Inc. and Wal-Mart Stores, Inc.; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6R7

• Income plus notes with 0.5% minimum coupon due Jan. 30, 2020 linked to a basket of stocks of Bristol-Myers Squibb Co., ConocoPhillips, Intel Corp., AT&T Inc. and Walgreen Co.; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6Z9

• Income plus notes with 1% minimum coupon due Jan. 30, 2020 linked to a basket of stocks of Bristol-Myers Squibb Co., ConocoPhillips, Intel Corp., AT&T Inc. and Walgreen Co.; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6Y2

• 0% buffered Accelerated Market Participation Securities due July 30, 2014 linked to the iShares MSCI EAFE index fund; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6H9

• Buffered Accelerated Market Participation Securities due July 30, 2014 linked to the iShares MSCI EAFE index fund; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6M8

• Buffered Accelerated Market Participation Securities due July 30, 2014 linked to the iShares MSCI Emerging Markets index fund; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6L0

• 0% buffered Accelerated Market Participation Securities due July 30, 2014 linked to the iShares MSCI Emerging Markets index fund; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6G1

• Buffered Accelerated Market Participation Securities due July 30, 2014 linked to the Russell 2000 index; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6K2

• 0% buffered Accelerated Market Participation Securities due July 30, 2014 linked to the Russell 2000 index; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6F3

• Buffered Accelerated Market Participation Securities due July 30, 2014 linked to the S&P 500 index; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6J5




Prospect NewsThe

Structured


• 0% buffered Accelerated Market Participation Securities due July 30, 2014 linked to the S&P 500 index; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6E6

• Buffered Accelerated Market Participation Securities due July 30, 2014 linked to the SPDR S&P Homebuilders ETF; via HSBC Securities (USA) Inc.; pricing Jan. 25; Cusip: 40432X6N6

• Annual income opportunity notes due Jan. 31, 2020 linked to a stock basket including Altria Group, Inc., Amgen Inc., Apple Inc., AT&T Inc., Exelon Corp., Maxim Integrated Products, Inc., Monsanto Co., Pfizer Inc., Silver Wheaton Corp. and Wells Fargo & Co.; via HSBC Securities (USA) Inc.; pricing Jan. 28; Cusip: 40432X6T3

•Annual income opportunity notes due Jan. 31, 2020 linked to a stock basket including Cliffs Natural Resources Inc., Consolidated Edison, Inc., Darden Restaurants, Inc., Exelon Corp., Lorillard, Inc., Mattel, Inc., Nvidia Corp., Southern Co., Verizon Communications Inc. and Waste Management, Inc.; via HSBC Securities (USA) Inc.; pricing Jan. 28; Cusip: 40432X6U0

• 0% airbag performance securities due Jan. 31, 2023 linked to the Euro Stoxx 50 index; 50% trigger; via HSBC Securities (USA) Inc. with UBS Financial Services Inc.; pricing Jan. 28; Cusip: 40433T414

• 0% airbag performance securities due Jan. 31, 2023 linked to the S&P 500 index; 50% trigger; via HSBC Securities (USA) Inc. with UBS Financial Services Inc.; pricing Jan. 28; Cusip: 40433T398

• 0% trigger performance securities due Jan. 29, 2016 linked to the S&P 500 index; via HSBC Securities (USA) Inc. and UBS Financial Services Inc.; pricing Jan. 28; Cusip: 40433T372

• 0% performance barrier notes due July 27, 2016 linked to the S&P 500 index; via HSBC Securities (USA) Inc.; pricing Jan. 28; Cusip: 40432X7A3

• 0% airbag performance securities due April 30, 2018 linked to the S&P 500 Low Volatility index; 75% trigger; via HSBC Securities (USA) Inc. with UBS Financial Services Inc.; pricing Jan. 28; Cusip: 40433T380

• 0% leveraged buffered uncapped market participation securities due Feb. 2, 2016 linked to the S&P 500 Low Volatility index; 85% trigger; via HSBC Securities (USA) Inc.; pricing Jan. 28; Cusip: 40432X6Q9

• 0% trigger return optimization securities due Jan. 29, 2016 linked to SPDR S&P 500 exchange-traded fund trust, the iShares MSCI

EAFE index fund and the iShares MSCI Emerging Markets index fund; 70% trigger; via UBS Financial Services Inc. and HSBC Securities (USA) Inc.; pricing Jan. 28; Cusip: 40433T463

• 0% trigger performance securities due Jan. 29, 2016 linked to the Euro Stoxx 50 index; 65% trigger; via HSBC Securities (USA) Inc.; pricing Jan. 29; Cusip: 40433T422

• 0% 50/150 performance securities due Aug. 2, 2018 linked to the S&P 500 Low Volatility index; via HSBC Securities (USA) Inc.; pricing Jan. 29; Cusip: 40432X6P1

• Zero-coupon callable accreting notes due January 2043; via HSBC Securities (USA) Inc.; pricing in January; Cusip: 40432X7E5

• Buffered Accelerated Market Participation Securities due July 2014 linked to the common stock of Apple Inc.; via HSBC Securities (USA) Inc.; pricing in January; Cusip: 40432X7J4

• 0% Accelerated Market Participation Securities due January 2014 linked to the Indian rupee relative to the dollar; via HSBC Securities (USA) Inc.; pricing in January; Cusip: 40432X7H8

• Capped Leveraged Index Return Notes due January 2015 linked to the S&P 500 index; via Bank of America Merrill Lynch; pricing in January

JPMORGAN CHASE BANK, NA

• Digital contingent coupon certificates of deposit due Jan. 31, 2018 linked to a basket of stocks including Bristol-Meyers Squibb Co., Dow Chemical Co., Duke Energy Corp., Hasbro, Inc., Kellogg Co., Newmont Mining Corp., Nike, Inc., Reynolds American Inc., Verizon Communications Inc. and Walgreen Co.; via J.P. Morgan Securities LLC with Incapital LLC as distributor; pricing Jan. 28; Cusip: 48124JRM2

• Digital contingent coupon certificates of deposit due Jan. 31, 2019 linked to a basket of stocks including Bristol-Meyers Squibb Co., Dow Chemical Co., Duke Energy Corp., Hasbro, Inc., Kellogg Co., Newmont Mining Corp., Nike, Inc., Reynolds American Inc., Verizon Communications Inc. and Walgreen Co.; via J.P. Morgan Securities LLC with Incapital LLC as distributor; pricing Jan. 28; Cusip: 48124JRJ9

• Digital contingent coupon certificates of deposit due Jan. 31, 2020 linked to a basket of stocks including Bristol-Meyers Squibb Co., Dow Chemical Co., Duke Energy Corp., Hasbro, Inc., Kellogg Co., Newmont Mining Corp., Nike, Inc., Reynolds American Inc.,




Prospect NewsThe

Structured


Verizon Communications Inc. and Walgreen Co.; via J.P. Morgan Securities LLC with Incapital LLC as distributor; pricing Jan. 28; Cusip: 48124JRK6

• Digital contingent coupon certificates of deposit due Jan. 31, 2020 linked to a basket of stocks including Bristol-Meyers Squibb Co., Dow Chemical Co., Duke Energy Corp., Hasbro, Inc., Kellogg Co., Newmont Mining Corp., Nike, Inc., Reynolds American Inc., Verizon Communications Inc. and Walgreen Co.; via J.P. Morgan Securities LLC with Incapital LLC as distributor; pricing Jan. 28; Cusip: 48124JRL4

• 0% certificates of deposit due Jan. 31, 2020 linked to the JPMorgan ETF Efficiente 5 index; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48124JQZ4

• Periodic income certificates of deposit due Jan. 31, 2020 contingent on the performance of the J.P. Morgan Income Focus Efficiente DS 4 index; via J.P. Morgan Securities LLC and distributor Incapital LLC; pricing Jan. 28; Cusip 48124JRH3

• 0% certificates of deposit due Jan. 31, 2020 linked to the J.P. Morgan Mozaic Fixed Income Index (USD; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48124JQN1

• 0% certificates of deposit due Jan. 31, 2020 linked to the JPMorgan Optimax Market-Neutral index; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48124JQL5

• Contingent interest certificates of deposit due Jan. 31, 2033 linked to the S&P 500 index; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48124JRR1

JPMORGAN CHASE & CO.

• 10% reverse convertible notes due Jan. 23, 2014 linked to Apple Inc. stock; via JPMorgan; pricing Jan. 18; Cusip: 48126DTN9

• 0% capped notes due Feb. 5, 2014 linked to Euro Stoxx 50 index, the FTSE 100 index and the Topix index; 90% trigger; via J.P. Morgan Securities LLC; pricing Jan. 18; Cusip: 48126DTS8

• 4.75%-5.15% single observation callable yield notes due April 28, 2014 linked to the S&P 500 index and the Russell 2000 index; via J.P. Morgan Securities LLC; pricing Jan. 18; Cusip: 48126DSQ3

• 0% contingent absolute return autocallable optimization securities due Jan. 27, 2014 linked to Foot Locker, Inc. common stock; via UBS Financial Services Inc. and J.P. Morgan Securities LLC; pricing Jan. 18; Cusip: 48126E347

• 0% contingent absolute return autocallable optimization securities due Jan. 27, 2014 linked to Jazz Pharmaceuticals plc ordinary shares; via UBS Financial Services Inc. and J.P. Morgan Securities LLC; pricing Jan. 18; Cusip: 48126E321

• 0% return notes due July 23, 2014 linked to the J.P. Morgan Strategic Volatility index; via J.P. Morgan Securities LLC; pricing Jan. 18; Cusip: 48126DTE9

• Autocallable contingent interest notes due Feb. 5, 2014 linked to Occidental Petroleum Corp. shares; 80% trigger; via J.P. Morgan Securities LLC; pricing Jan. 18; Cusip: 48126DTQ2

• Autocallable contingent interest notes due Feb. 5, 2014 linked to Starbucks Corp. shares; 80% trigger; via J.P. Morgan Securities LLC; pricing Jan. 18; Cusip: 48126DTP4

• 0% contingent absolute return autocallable optimization securities due Jan. 27, 2014 linked to United Rentals, Inc. common stock; via UBS Financial Services Inc. and J.P. Morgan Securities LLC; pricing Jan. 18; Cusip: 48126E339

• Autocallable contingent interest notes due Feb. 5, 2014 linked to YUM! Brands Inc. shares; 80% trigger; via J.P. Morgan Securities LLC; pricing Jan. 18; Cusip: 48126DTR0

• Autocallable contingent income securities due Jan. 27, 2014 linked to American International Group, Inc. shares; 73% to 76% trigger; via J.P. Morgan Securities LLC; pricing Jan. 22; Cusip: 48124B758

• 6.5% autocallable yield notes due Jan. 24, 2014 linked to the Market Vectors Gold Miners exchange-traded fund and the Russell 2000 index; via J.P. Morgan Securities LLC; pricing Jan. 22; Cusip: 48126DTC3

• 0% return notes due April 30, 2014 linked to the J.P. Morgan Strategic Volatility index; via J.P. Morgan Securities LLC; pricing Jan. 25; Cusip: 48126DRP6

• 0% buffered digital plus notes due Jan. 30, 2017 linked to the S&P 500 index; via Citigroup Global Markets Inc.; pricing Jan. 25; Cusip: 1730T0ZZ5

• Callable step-up fixed-rate notes due Jan. 31, 2033; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DMH9

• 4.6% to 6.1% reverse convertible notes due Aug. 1, 2013 linked to Annaly Capital Management, Inc. stock; via JPMorgan; pricing Jan. 28; Cusip: 48126DTM1




Prospect NewsThe

Structured


• 9.35% to 10.85% reverse convertible notes due May 2, 2013 linked to Chesapeake Energy Corp. stock; via JPMorgan; pricing Jan. 28; Cusip: 48126DTJ8

• 12.95% to 14.45% reverse convertible notes due May 2, 2013 linked to Coach, Inc. stock; via JPMorgan; pricing Jan. 28; Cusip: 48126DTL3

• 0% capped buffered notes due Jan. 29, 2016 linked to Dow Jones-UBS Commodity index; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DTF6

• 0% capped buffered notes due Feb. 2, 2015 linked to the iShares Barclays 20+ Year Treasury Bond fund; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DTH2

• 0% dual directional knock-out buffered notes due Feb. 2, 2015 linked to the iShares Barclays 20+ Year Treasury Bond fund; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DTG4

• 7.5% to 9% reverse convertible notes due May 2, 2013 linked to Staples, Inc. stock; via JPMorgan; pricing Jan. 28; Cusip: 48126DTK5

• 0% capped buffered return enhanced notes due July 31, 2014 linked to the iShares MSCI EAFE index fund; 90% trigger; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DRA9

• 7% to 9% autocallable yield notes due Jan. 31, 2014 linked to the iShares MSCI Emerging Markets index fund and the Russell 2000 index; 70% trigger; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DRJ0

• 0% capped buffered return enhanced notes due July 31, 2014 linked to the iShares MSCI Emerging Markets index fund; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DRB7

• 0% notes due July 31, 2018 linked to the JPMorgan ETF Efficiente 5 index; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DRL5

• Contingent interest notes due Jan. 31, 2019 linked to the JPMorgan ETF Efficiente 5 index; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DRM3

• Market-linked notes with contingent coupons due Jan. 31, 2023 linked to the JPMorgan ETF Efficiente 5 index; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DQL6

• 0% return notes due April 30, 2014 linked to the J.P. Morgan Strategic Volatility index; via J.P. Morgan Securities LLC pricing Jan. 28; Cusip: 48126DRQ4

• 0% return notes due Jan. 30, 2015 linked to the J.P. Morgan Strategic Volatility Dynamic Index (Series 1) (USD); via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DRR2

• 10% to 12% autocallable yield notes due Jan. 31, 2014 linked to the Market Vectors Gold Miners exchange-traded fund and the Russell 2000 index; 65% trigger; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DRK7

• 0% capped buffered return enhanced notes due July 31, 2014 linked to the Russell 2000 index; 90% trigger; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DQZ5

• 0% capped buffered return enhanced notes due Jan. 30, 2015 linked to the Russell 2000 index; 90% trigger; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DRD3

• 0% capped buffered return enhanced notes due July 31, 2014 linked to the S&P 500 index; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DRC5

• 0% capped buffered return enhanced notes due Jan. 30, 2015 linked to the S&P 500 index; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DRE1

• Contingent coupon callable yield notes due July 31, 2015 linked to the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE index fund; 60% trigger; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DSA8

• 5% to 7% autocallable yield notes due Jan. 31, 2014 linked to the Vanguard Total Stock Market index fund exchange-traded fund and the S&P 500 index; 65% trigger; via J.P. Morgan Securities LLC; pricing Jan. 28; Cusip: 48126DRF8

• 0% notes due Jan. 31, 2019 linked to the JPMorgan ETF Efficiente 5 index; via J.P. Morgan Securities LLC; pricing Jan. 29; Cusip: 48126DRW1

• 0% Performance Leveraged Upside Securities due March 5, 2014 linked to the Financial Select Sector SPDR fund; via J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC; pricing Jan. 30; Cusip: 48126E370

• 0% Performance Leveraged Upside Securities due Aug. 2, 2013 linked to the S&P 500 index; via J.P. Morgan Securities LLC; pricing Jan. 30; Cusip: 48124B741




Prospect NewsThe

Structured


MORGAN STANLEY

• Contingent income autocallable securities due Jan. 25, 2023 linked to the Euro Stoxx 50 index; via Morgan Stanley & Co. LLC; pricing Jan. 22; Cusip: 61761JBE8

• 0% trigger phoenix autocallable optimization securities due Jan. 24, 2018 linked to the iShares Russell 2000 index fund and the SPDR S&P 500 ETF Trust; via UBS Financial Services Inc. and Morgan Stanley & Co. LLC; pricing Jan. 22; Cusip: 61761M334

• Market-linked autocallable notes due Jan. 28, 2033 with five-year initial non-call linked to the worst performing of the Euro Stoxx 50 index and the Russell 2000 index; 80% trigger; via Morgan Stanley & Co.; pricing Jan. 25; Cusip: 61761JBK4

• 0% market-linked notes due July 31, 2020 linked to the Dow Jones industrial average; via Morgan Stanley & Co. LLC; pricing Jan. 28; Cusip: 61761JAY5

• 0% buffered jump securities due Jan. 31, 2018 linked to the Dow Jones industrial average; via Morgan Stanley & Co. LLC; pricing Jan. 28; Cusip: 61761JAZ2

• Market-linked autocallable step-up notes due Jan. 31, 2033 with five-year initial non-call linked to the Euro Stoxx 50 index; via Morgan Stanley & Co. LLC; pricing Jan. 28; Cusip: 61761JBC2

• Market-linked autocallable notes due Jan. 31, 2033 with five-year initial non-call linked to the Euro Stoxx 50 index; via Morgan Stanley & Co. LLC; pricing Jan. 28; Cusip: 61761JBB4

• 0% contingent return optimization securities due Jan. 30, 2015 linked to the Russell 2000 index; 75% trigger; via Morgan Stanley & Co. LLC; pricing Jan. 28; Cusip: 61761M193

• Trigger contingent coupon optimization securities due Jan. 29, 2021 linked to the Russell 2000 index; 55% trigger; via Morgan Stanley & Co. LLC with UBS Financial Services Inc.; pricing Jan. 28; Cusip: 61761M250

• Trigger contingent coupon optimization securities due Jan. 29, 2021 linked to the S&P 500 index; 55% trigger; via Morgan Stanley & Co. LLC with UBS Financial Services Inc.; pricing Jan. 28; Cusip: 61761M268

• Contingent income autocallable securities due Jan. 31, 2018 linked to Apple Inc. shares; via Morgan Stanley & Co. LLC; pricing Jan. 29; Cusip: 61761JBM0

• Contingent income autocallable securities due Jan. 31, 2018 linked to Bank of America Corp. shares; via Morgan Stanley & Co. LLC; pricing Jan. 29; Cusip: 61761JBL2

• Contingent income autocallable securities due Jan. 31, 2028 linked to the Russell 2000 index; via Morgan Stanley & Co. LLC; pricing Jan. 29; Cusip: 61761JBN8

• Contingent income autocallable securities due Jan. 31, 2028 linked to the S&P 500 index; via Morgan Stanley & Co. LLC; pricing Jan. 29; Cusip: 61761JBP3

• 0% buffered Performance Leveraged Upside Securities due January 2015 linked to the Euro Stoxx 50 index; via Morgan Stanley & Co. LLC; pricing in January; Cusip: 61761M326

• 0% dual directional buffered Performance Leveraged Upside Securities due January 2015 linked to the Euro Stoxx 50 index; via Morgan Stanley & Co. LLC; pricing in January; Cusip: 61761M243

• 0% dual directional trigger Performance Leveraged Upside Securities due January 2015 linked to the iShares FTSE China 25 index fund; 80% trigger; via Morgan Stanley & Co. LLC; pricing in January; Cusip: 61761M276

• 0% Performance Leveraged Upside Securities due February 2014 linked to the iShares MSCI Emerging Markets index fund; via Morgan Stanley & Co. LLC; pricing in January; Cusip: 61761M235

• Contingent income autocallable securities due January 2016 linked to JPMorgan Chase & Co. shares; 75% trigger; via Morgan Stanley & Co. LLC; pricing in January; Cusip: 61761M284

• 0% trigger jump securities due January 2018 linked to the S&P 500 index; 65% trigger; via Morgan Stanley & Co. LLC; pricing in January; Cusip: 61761M318

• Contingent income autocallable securities due January 2020 linked to the S&P 500 index; 75% trigger; via Morgan Stanley & Co. LLC; pricing January; Cusip: 61761JBH1

• 0% enhanced trigger jump securities due January 2017 linked the S&P 500 index, the Russell 2000 index, the iShares MSCI EAFE index fund, the iShares MSCI Emerging Markets index fund and the iShares FTSE China 25 index fund; via Morgan Stanley & Co. LLC; pricing in January; Cusip: 61761M342

• 0% enhanced buffered jump securities due January 2017 linked to a basket of indexes and exchange-traded funds (S&P 500 index, Russell 2000 index, iShares MSCI EAFE index fund, iShares




Prospect NewsThe

Structured


MSCI Emerging Markets index fund and iShares FTSE China 25 index fund); via Morgan Stanley & Co. LLC; pricing in January; Cusip: 61761M359

• Contingent income autocallable securities due January 2016 linked to Starbucks Corp. shares; via Morgan Stanley & Co. LLC; pricing in January; Cusip: 61761M292

ROYAL BANK OF CANADA

• 8%-10% annualized airbag yield optimization notes due July 24, 2013 linked to Coeur d’Alene Mines Corp.; via UBS Financial Services Inc. and RBC Capital Markets LLC; pricing Jan. 18; Cusip: 78008W875

• 6%-8% annualized airbag yield optimization notes due July 24, 2013 linked to Cypress Semiconductor Corp.; via UBS Financial Services Inc. and RBC Capital Markets LLC; pricing Jan. 18; Cusip: 78008W867

• Fixed-to-floating notes due Jan. 22, 2015; via RBC Capital Markets, LLC; settlement Jan. 22; Cusip: 78008SVS2

• Fixed-to-floating notes due Jan. 22, 2018; via RBC Capital Markets, LLC; settlement Jan. 22; Cusip: 78008SLQ7

• Contingent income autocallable securities due January 2014 linked to Las Vegas Sands Corp.; via RBC Capital Markets, LLC; pricing Jan. 22; Cusip: 78008W792

• 8%-12% annualized reverse convertible notes due May 2, 2013 linked to Apple Inc.; via RBC Capital Markets Corp.; pricing Jan. 28; Cusip: 78008SVH6

• 0% buffered bullish enhanced return notes due Jan. 31, 2018 linked to the Dow Jones industrial average; via RBC Capital Markets, LLC; pricing Jan. 28; Cusip: 78008SUH7

• 0% bullish barrier enhanced return notes due Feb. 2, 2016 linked to the Euro Stoxx 50 index; via RBC Capital Markets, LLC; pricing Jan. 28; Cusip: 78008SVE3

• 0% buffered bullish return notes due Feb. 2, 2015 linked to the iShares MSCI Emerging Markets index fund; via RBC Capital Markets, LLC; pricing Jan. 28; Cusip: 78008SVG8

• 0% bullish barrier booster notes due Feb. 2, 2017 linked to the SPDR Dow Jones Industrial Average exchange-traded fund Trust; 75% trigger; via RBC Capital Markets, LLC; pricing Jan. 28; Cusip: 78008SVF0

• 6%-9% annualized reverse convertible notes due May 2, 2013 linked to Teck Resources Ltd.; via RBC Capital Markets Corp.; pricing Jan. 28; Cusip: 78008SVP8

• 7% STEP Income Securities due February 2014 linked to Cisco Systems, Inc. shares; via Bank of America Merrill Lynch; pricing in January

• 0% upside participation equity-linked notes due Feb. 4, 2020 linked to the Dow Jones industrial average, the SPDR S&P Midcap 400 ETF trust and the iShares Russell 2000 index fund; via Wells Fargo Securities, LLC; pricing in January; Cusip: 78008SVM5

• 0% Strategic Accelerated Redemption Securities due February 2014 linked to the S&P 500 index; via Bank of America Merrill Lynch; pricing in January

• Coupon-bearing notes due January 2014 linked to the common stock of Valero Energy Corp.; via Bank of America Merrill Lynch; pricing in January

• 0% direct investment notes due March 10, 2014 linked to the EquityCompass Equity Risk Management Strategy; via RBC Capital Markets, LLC; pricing Feb. 5; Cusip: 78008SUJ3

• 18- to 21-month 0% leveraged buffered notes tied to the iShares MSCI EAFE index fund; 90% trigger; via Goldman Sachs & Co.

• 15- to 17-month 0% buffered equity index-linked notes tied to the MSCI EAFE index; 85% trigger; via Goldman Sachs & Co.

AB SVENSK EXPORTKREDIT

• 0% Accelerated Return Notes due March 2014 linked to the PHLX Oil Service Sector index; via Bank of America Merrill Lynch; pricing in January

• 0% Accelerated Return Notes due March 2014 linked to the S&P MidCap 400 index; via Bank of America Merrill Lynch; pricing in January

SUNTRUST BANKS, INC.

• Fixed-to-floating notes due July 30, 2018; via SunTrust Robinson Humphrey, Inc.; pricing Jan. 25; Cusip: 86802WAS7

UBS AG, JERSEY BRANCH

• 0% return enhanced notes due Jan. 31, 2014 linked to the Mexican peso relative to the dollar; via UBS Investment Bank is




Prospect NewsThe

Structured


the underwriter, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC; pricing Jan. 18; Cusip: 90261JLB7

• Contingent coupon optimization securities due Jan. 29, 2016 linked to a basket of the Brazilian real, Chinese renminbi, Mexican peso and Russian ruble; via UBS Financial Services Inc. and UBS Investment Bank; pricing Jan. 28; Cusip: 90266954

UBS AG, LONDON BRANCH

• Trigger phoenix autocallable optimization securities due Jan. 24, 2014 linked to the common stock of Ford Motor Co.; via UBS Financial Services Inc. and UBS Investment Bank; pricing Jan. 18; Cusip: 90271B272

• 0% trigger autocallable optimization securities due Jan. 24, 2018 linked to the iShares FTSE China 25 index fund; via UBS Financial Services Inc. and UBS Investment Bank; pricing Jan. 18; Cusip: 90271B231

• 0% trigger autocallable optimization securities due Jan. 24, 2018 linked to the iShares Russell 2000 index fund; via UBS Financial Services Inc. and UBS Investment Bank; pricing Jan. 18; Cusip: 90271B223

• Trigger phoenix autocallable optimization securities due July 23, 2014 linked to the Market Vectors Gold Miners exchange-traded fund; via UBS Financial Services Inc. and UBS Investment Bank; pricing Jan. 18; Cusip: 90271B298

• Contingent income autocallable securities due Jan. 22, 2016 linked to MetLife, Inc. shares; via UBS Financial Services Inc. and UBS Investment Bank; pricing Jan. 18; Cusip: 90271B264

• Trigger phoenix autocallable optimization securities due Jan. 24, 2014 linked to the common stock of Whole Foods Market, Inc.; via UBS Financial Services Inc. and UBS Investment Bank; pricing Jan. 18; Cusip: 90271B280

• 0% buffered return optimization securities due Jan. 30, 2015 to the iShares MSCI Emerging Markets index fund; via UBS Financial Services Inc. and UBS Investment Bank; pricing Jan. 28; Cusip: 90271B140

• 0% buffered return optimization securities due Jan. 30, 2015 to the S&P 500 index; via UBS Financial Services Inc. and UBS Investment Bank; pricing Jan. 28; Cusip: 90271B132

• 0% contingent risk absolute return notes due Jan. 30, 2015 linked to the S&P 500 index; via BMO Capital Markets Corp.; pricing Jan. 28; Cusip: 06366RLB9

• 0% contingent return optimization securities due Jan. 30, 2015 linked to the Euro Stoxx 50 index; via UBS Financial Services Inc. and UBS Investment Bank; pricing Jan. 29; Cusip: 90271B116

• 0% trigger performance securities due Jan. 31, 2018 linked to the Euro Stoxx 50 index; via UBS Financial Services Inc. and UBS Investment Bank; pricing Jan. 29; Cusip: 90271B124

• 0% jump securities due Aug. 2, 2013 linked to the iShares FTSE China 25 index fund; via UBS Securities LLC; pricing Jan. 30; Cusip: 90271B157

UNION BANK

• Market-linked certificates of deposit due Jan. 31, 2018 linked to an equally weighted basket of the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi; via UnionBanc Investment Services, LLC; pricing Jan. 28; Cusip: 90521ALP1

• 0% quarterly capped return market-linked certificates of deposit due Jan. 31, 2018 linked to the Russell 2000 index; via UnionBanc Investment Services, LLC; pricing Jan. 28; Cusip: 90521ALN6

• 0% quarterly capped return market-linked certificates of deposit due Jan. 31, 2018 linked to the S&P 500 index; via UnionBanc Investment Services, LLC and distributor Incapital LLC; pricing Jan. 28; Cusip: 90521ALM8

WELLS FARGO & CO.

• Access securities with contingent coupon and contingent downside due Jan. 29, 2018 linked to the Russell 2000 index; via Wells Fargo Securities, LLC; pricing Jan. 18; Cusip: 94986RMS7

• Fixed-to-floating notes due Jan. 27, 2025; via Wells Fargo Securities, LLC; pricing Jan. 22; Cusip: 94986RMV0

• Step-up callable notes due Jan. 30, 2030; via Wells Fargo Securities LLC; pricing Jan. 25; Cusip: 94986RMZ1

• Growth securities with leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 30, 2015 linked to the S&P 500 index; via Wells Fargo Securities, LLC; pricing Jan. 28; Cusip: 94986RMW8

• 0% upside participation equity-linked notes due Feb. 7, 2020 linked to the S&P 500 index; via Wells Fargo Securities LLC; pricing Jan. 31; Cusip: 94986RMT5




Prospect NewsThe

Structured

DailyProducts

• 0% market-linked notes due Feb. 7, 2020 linked to a basket of exchange-traded funds (SPDR S&P 500 ETF Trust, iShares MSCI EAFE index fund and iShares MSCI Emerging Markets index fund); via Wells Fargo Securities LLC; pricing Jan. 31; Cusip: 94986RMU2

• 23- to 26-month 0% equity-linked securities with leveraged upside participation to a cap and buffered downside with multiplier

linked to the MSCI EAFE index; via Wells Fargo Securities LLC; pricing in January; Cusip: 94986RMY4

• 0% equity-linked securities with leveraged upside participation to a cap and buffered downside with multiplier linked to the S&P 500 index; via Wells Fargo Securities, LLC; pricing in January; Cusip: 94986RMX6

Market Data

Structured Products CalendarContinued from page 41

Structured Products New Issue Volume by Week

($ blns)

$2

$4

$6

1/15

/201

2

2/19

/201

2

3/25

/201

2

4/29

/201

2

6/3/

2012

7/8/

2012

8/12

/201

2

9/16

/201

2

10/2

1/20

12

11/2

5/20

12

12/3

0/20

12

Stock Equity indexCommodity FXInterest rates Others/MultipleETNs


Prospect NewsThe

Structured

DailyProductsRecent Structured Products Deals

Priced Issuer Issue Manager Amount Coupon Maturity Fees($mln)

1/16/2013 UBS AG, London Branch trigger phoenix autocallable optimization securities(Amazon.com, Inc.)

UBS $0.1 Formula 1/24/2014 1.50%

1/16/2013 UBS AG, London Branch trigger phoenix autocallable optimization securities(United Rentals, Inc.)

UBS $0.1 Formula 1/24/2014 1.50%

1/16/2013 UBS AG, London Branch trigger yield optimization notes (Bank of AmericaCorp.)

UBS $0.09998864 5.87% 1/22/2014 1.50%

1/16/2013 UBS AG, London Branch trigger yield optimization notes (Peabody EnergyCorp.)

UBS $0.60909354 9.49% 1/22/2014 2.00%

1/16/2013 UBS AG, London Branch trigger yield optimization notes (Peabody EnergyCorp.)

UBS $0.14998497 9.07% 1/22/2014 2.00%

1/15/2013 Barclays Bank plc iPath Seasonal Natural Gas exchange-traded notes Barclays $50 0.000% 4/18/2041 ---

1/15/2013 Barclays Bank plc reverse convertible notes (Carrizo Oil & Gas, Inc.) Barclays $1 9% 4/18/2013 ---

1/15/2013 UBS AG, London Branch trigger autocallable optimization securities (Apple Inc.) UBS $0.1 0.00% 1/23/2014 1.50%

1/15/2013 UBS AG, London Branch trigger phoenix autocallable optimization securities(Apple Inc.)

UBS $0.15 Formula 1/23/2014 1.50%


UBS $0.15 Formula 1/23/2014 1.50%

1/15/2013 UBS AG, London Branch trigger phoenix autocallable optimization securities(Citigroup Inc.)

UBS $0.152 Formula 1/23/2014 1.50%

1/15/2013 UBS AG, London Branch trigger phoenix autocallable optimization securities(Halliburton Co.)

UBS $0.317 Formula 1/23/2014 1.50%

1/15/2013 UBS AG, London Branch trigger yield optimization notes (NetApp, Inc.) UBS $0.09997128 5.78% 7/18/2014 2.37%

1/15/2013 UBS AG, London Branch trigger yield optimization notes (United Rentals, Inc.) UBS $0.09995292 8.11% 1/21/2014 2.00%

1/14/2013 Barclays Bank plc callable contingent coupon notes (Halliburton Co.) Barclays $0.5 Formula 1/20/2015 1.50%

1/14/2013 Barclays Bank plc super Track notes (Hang Seng China Enterprisesindex)

Barclays $4 0.00% 7/17/2014 1.00%

1/14/2013 Credit Suisse AG, Nassau Branch buffered enhanced participation equity securities(Russell 2000)

Credit Suisse $13.755 0.00% 12/10/2014 2.00%

1/14/2013 Credit Suisse AG, Nassau Branch VelocityShares 3x Inverse Natural Gasexchange-traded notes (S&P GSCI Natural Gas Index

Credit Suisse $6.25 0.000% 2/9/2032 0.00%

1/14/2013 Credit Suisse AG, Nassau Branch VelocityShares daily inverse VIX short-termexchange-traded notes (S&P 500 VIX Short-Term

Credit Suisse $2 0.000% 12/4/2030 0.00%

1/14/2013 Credit Suisse AG, Nassau Branch VelocityShares daily inverse VIX short-termexchange-traded notes (S&P 500 VIX Short-Term

Credit Suisse $7 0.000% 12/4/2030 0.00%

1/14/2013 Deutsche Bank AG, LondonBranch

securities (Dow Jones - UBS Commodity Index TotalReturn)

Deutsche Bank $12 Formula 2/27/2014 0.00%

1/14/2013 JPMorgan Chase & Co. autocallable contingent interest notes (Dow ChemicalCo., Ford Motor Co. and Goldman Sachs Group, Inc.)

JPMorgan $1.4 Formula 1/20/2015 1.50%

1/14/2013 JPMorgan Chase & Co. callable contingent interest notes (S&P 500 andRussell 2000)

JPMorgan $2 Formula 1/16/2019 1.50%

1/14/2013 JPMorgan Chase & Co. callable variable-rate range accrual notes (Russell2000 index)


1/14/2013 JPMorgan Chase & Co. callable variable-rate range accrual notes (Russell2000 index)


1/14/2013 Royal Bank of Canada contingent income autocallable securities (JPMorganChase & Co.)

RBC $3 Formula 1/20/2016 0.00%


UBS $0.575 Formula 1/22/2014 1.50%

1/11/2013 Barclays Bank plc annual autocallable notes (Euro Stoxx 50 index andiShares MSCI Emerging Markets index fund)

Barclays $2 0.00% 1/19/2016 1.85%

1/11/2013 Barclays Bank plc phoenix autocallable notes (YUM! Brands, Inc.) Barclays $1.08 Formula 1/30/2014 1.00%

1/11/2013 Barclays Bank plc reverse convertible notes (True Religion Apparel, Inc.) Barclays $1 9.300% 4/16/2013 ---

Emma TrincalStructured Products Reporter [email protected] 212 374 8328

Cristal [email protected] 620 6682

Paul DeckelmanHigh Yield [email protected] 374 3036

Aleesia [email protected] 350 7985

Paul A. HarrisHigh Yield [email protected] 978 4485

Andrea HeisingerInvestment Grade [email protected] 374 2802

Sheri KasprzakMunicipals [email protected] 914 2243

Rebecca MelvinConvertibles [email protected] 534 5305

Sara RosenbergBank Loan Reporter [email protected] 347 548 5115

Stephanie RotondoDistressed Debt/Preferred Stock [email protected] 225 4393

Caroline SallsBankruptcy Court [email protected] 752 1430

Christine Van DusenEmerging Markets [email protected] 613-8956

Jim WittersBankruptcy Court [email protected] 494 3565

Matt MaileChief Copy [email protected] 563 1392

Jennifer ChiouCopy [email protected] 706 2263

Tali DavidCopy [email protected] 596 6638

E. Janene GeissCopy [email protected] 287 2641

Lisa KernerCopy Editor/Bankruptcy Court [email protected] 685 3910

Angela McDanielsCopy [email protected] 537 4766

Susanna MoonCopy [email protected] 520 0307

Devika PatelCopy [email protected] 423 833 2917

Toni WeeksCopy [email protected] 354 0525

Marisa WongCopy [email protected] 255 0771

Thu [email protected]

Peter HeapPublisher, [email protected] 374 8108

Customer ServiceFor subscriptions or free trials e-mail: [email protected] or call: 212 374 2800 Feedback, comments and news tips are appreciated. Use the customer service number or e-mail above or contact reporters directly.

6 Maiden Lane, 9th FloorNew York, NY 10038

[email protected]

212 374 2800

PROSPECTNEWS

Prospect News Structured Products Daily ISSN: 1933-9356

Market newsletters for professionals.

Daily Newsletter Rates 1-5 e-mails at the same firm $2,510 total per year

6-10 e-mails at the same firm $3,360 total per year





51 plus e-mails at the same firm $10,300 total per year

Weekly Newsletter Rates1st user at a firm $500 each per year

2nd to 5th users at a firm $200 each per year

6th plus users at a firm $100 each per year

WEEKLYNEWS Structured Products Weekly by Prospect News

Bond Market Weekly by Prospect News

DAILYNEWS Prospect News Convertibles Daily

Prospect News Distressed Debt Daily

Prospect News Emerging Markets Daily

Prospect News High Yield Daily

Prospect News Investment Grade Daily

Prospect News Liability Management Daily

Prospect News Municipals Daily

Prospect News PIPE Daily

Prospect News Private Placements & Mezzanine Daily

Prospect News Structured Products Daily

Prospect News Bank Loan Daily

Prospect News Preferred Stock Daily

SUBSCRIPTIONRATES

the tructured roducts daily - innovative advisory group · 1/18/2013 · friday january 18, 2013...

Documents