Which indices, stocks and ETFs US structured notes are linked to, October 2025 to September 2026.
By Verio Labs. Updated 2026-10-30. Figures as of 2026-10-30.
The underliers that US structured notes priced October 2025 to September 2026 were linked to most often, from 53,589 notes. The S&P 500 Index appeared in 18,678 of them.
Most-used underliers
Most-used underliers (notes linked to each). Based on 53,589 notes priced October 2025 to September 2026; a note on several underliers counts once for each. Registry data as of 2026-10-30. Download PNG
Underlier
Notes
Median coupon
Median barrier
S&P 500 Index
18,678
9.85%
70.0%
Russell 2000 Index
16,685
10.05%
70.0%
Nasdaq-100 Index
10,007
10.15%
70.0%
Dow Jones Industrial Average
5,029
9.80%
70.0%
EURO STOXX 50 Index
3,544
10.25%
70.0%
Nasdaq-100 Technology Sector Index
3,008
10.55%
70.0%
NVIDIA Corporation
2,215
13.97%
60.0%
S&P 500 Futures Excess Return Index
1,728
10.00%
70.0%
Amazon.com, Inc.
1,234
12.24%
60.0%
Meta Platforms, Inc.
977
13.15%
60.0%
Broadcom Inc.
947
15.75%
60.0%
MerQube US Tech+ Vol Advantage Index
897
10.75%
60.0%
Microsoft Corporation
878
12.34%
60.0%
MerQube US Large-Cap Vol Advantage Index
878
13.50%
60.0%
State Street Utilities Select Sector SPDR ETF
855
10.30%
65.0%
Source: Verio Note Registry, noteregistry.com, as of 30 October 2026.
The median coupon covers every structure linked to the underlier, so it mixes notes that are not alike. The median barrier is over notes with a barrier only: buffers and principal-protected notes are left out.
By sector
Notes by sector of their underliers. Based on 53,589 notes priced October 2025 to September 2026; each note counted once, under its underliers' sector; notes whose underliers sit in different sectors are counted as several sectors. Registry data as of 2026-10-30. Download PNG