Contingent Coupon Reverse Convertible

Derivatives
Premium
July 23, 2021
Finance
Continuously Callable Bond
July 23, 2021

A reverse convertible in which the coupon is made contingent on a specific event such as trading in a range in order to have an enhanced coupon. The reverse convertible will pay higher than usual coupon when the specified event takes place. Otherwise, its coupon remains unchanged and the convertible continues as a normal reverse convertible.

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