“It is roughly the S&P top 70 to 100 names that we have the ability to do individual equity notes on... the options markets on the individual names themselves are deep and liquid enough for the bank to basically hedge the other side of the exposure”

Janus Henderson · Animal Spirits Podcast · Talk Your Book: The Next Generation of Income Strategies

Play from 24:51
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What was described

selects the top 70-100 S&P constituents to issue equity-linked notes because those stocks have deep, liquid options markets for hedging

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