Barrier Reverse Convertible with Conditional Coupon

    Hermes International

    Kupon p.a.: 10,20% | Barriere: 1.711,324 EUR | Autocallable | Memory | Währung: EUR | Laufzeit: 11.04.2025

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    Hermes International: 2,307 EUR|Last Update:

    Product Overview

    Underlying
    Key figures
    Bonus amount per interval
    2.55% (127.50 EUR)
    Call interval (in months)
    3
    Call Level
    2,281.766 EUR (15/07/2024)
    Coupon Level
    1,711.324 EUR (15/07/2024)
    Strike
    2,281.766 EUR
    Barrier
    1,711.324 EUR (75.00%)
    Distance to Barrier
    25.82%
    Ratio
    2.1913

    Life Cycle

    Initial FixingFirst trading dateLast trading dateFinal fixingRedemption

    Product Information

    Key Information Document
    Termsheet
    Base Prospectus

    About this product

    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.