Bond-Over-Stock Warrant

Derivatives
Geometric ARO
March 4, 2022
Exchanges
Step-Up Order
March 4, 2022

An outperformance warrant in which the payout is determined based on the performance of a bond index minus the return on a stock index. In other words, the holder of a bond-over-stock warrant receives payment in terms of the performance differential between bonds and stocks.

There exist multiple underlying bond indexes and stock indexes (equity index) in the market.

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