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Callable Multi-Barrier Reverse Convertible


A variant of barrier reverse convertible (BRC)- a structured product– that is subject to more than one barrier (a continuous barrier observation- a number of barrier events). It pays a guaranteed coupon over the specified term or until the call date. The convertible is callable- i.e., the issuer can call it or redeem it before its maturity date. Once called, the holder will no more receive coupon payment, and the product ceases to exist. The product can be settled in cash or in physical delivery of the underlying.

It belongs to the category of yield enhancement products.



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Finance, as a field of knowledge, is substantially wide-ranging and virtually encompasses everything in the realm of corporate finance, financial management, ...
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