Last trading day in 2 days
・
Final fixing day: 11/12/2023・
Barrier was hit 22/06/2023Bonus amount per interval | 4.12% (41.25 CHF) |
Call interval (in months) | 3 |
Strike | 14.45 CHF |
Barrier | 7.23 CHF (50.00%) |
Distance to Barrier | – |
Ratio | 69.20415 |
Like the classic version, callable Barrier Reverse Convertibles (BRCs) are characterized by a pre-determined coupon and a safety buffer up to the barrier. The callable attribute improves the yield because coupons are generally higher than for regular BRCs, but investors bear the reinvestment risk if the products are redeemed ("called") early.