This product has been repaid
・
Repayment day: 05/02/2024・
Repayment amount: 709.392 CHF・
Barrier was hit 24/10/2023Bonus amount per interval | 0.77% (7.731 CHF) |
Call interval (in months) | 1 |
Coupon Level | – (–) |
Strike | 22,664.00 HKD |
Barrier | 16,998.00 HKD (75.00%) |
Distance to Barrier | – |
Ratio | 0.04412 |
The uniqueness of Barrier Reverse Convertibles with conditional coupon lies in the fact that, as the name suggests, the coupon payment is tied to the performance of the underlying asset and thus conditional. To receive a coupon payment, the price of the underlying asset must trade at or above the respective coupon levels on the pre-determined observation dates. Like traditional BRCs, this variant also features a barrier that provides investors with a certain degree of protection.