Autocall Incremental

Finance
Multitranche Instrument
May 12, 2023
Finance
Non-Capital Protected Product
May 12, 2023

An autocall in which the coupon and autocall barriers are at the same level, while the coupon has a certain memory feature which is incremental (incremental coupon). The coupon is incremental in the sense that once the product/ instrument is redeemed (e.g., at maturity date), the holder is paid a coupon equal to the sum of all previous coupons.

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