Callable Multi Barrier Reverse Convertible
AngloGold Ashanti plc, Kinross Gold Corp., Barrick Gold Corp.
Coupon p.a.: 15% | Issuercallable | Currency: USD | Maturity: 07/10/2024Updated 04/12/2023, 20:55:00-3.13%
89.90
%
90.90
%
Spread1.11%
Spread1.11%
Bonus amount per interval | 3.75% (37.50 USD) |
Call interval (in months) | 3 |
Distance to Barrier | 22.72% |
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.