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Par Yield

The coupon rate at which the price of a bond (or a note, etc.) is made to equal its nominal...

Pre-Funded Warrant

A warrant that allows the holder to buy a given amount of a firm's securities at the so-called nominal exercise price. This exercise...

Prefunded Warrant

A warrant that allows the holder to buy a given amount of a firm's securities at the so-called nominal exercise price. This exercise...

Penny Warrant

A warrant that allows the holder to buy a given amount of a firm's securities at the so-called nominal exercise price. This exercise...

Participating Bond

A bond which allows the holder to receive a guaranteed minimum rate plus extra coupon payments up to a specific level if the issuer...

Protected Note

A structured note that usually guarantees capital (hence the name: capital protection note). This note secures a future payment of...

PN

It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...

P-Note

It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...

Participatory Note

A note that is used by investors to gain exposure (participation in the upside) to an equity investment, such as...

Principal Risk

The danger that arises from a possible depreciation of the "principal" value of an investment, i.e., when it tends to...