Multi Callable Barrier Reverse Convertible
Hermes International, LVMH Moët Hennessy Louis Vuitton SE, Compagnie Financière Richemont SA
Coupon p.a.: 9.00% | Issuercallable | Währung: CHF | Laufzeit: 30.09.2024%
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Bonus amount per interval | 2.25% (112.50 CHF) |
Call interval (in months) | 3 |
Distance to Barrier | 47.40% |
Like the classic version, Multi Callable Barrier Reverse Convertibles (BRCs) are characterized by a pre-determined coupon and a safety buffer up to the barriers. The callable attribute improves the yield because coupons are generally higher than for regular Multi BRCs, but investors bear the reinvestment risk if the products are redeemed ("called") early.