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.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Comments