Step-Up Puttable Security

Derivatives
Commodity Product Spread
December 28, 2022
Finance
Step-Up Security
December 28, 2022

A type of a step-up coupon security which gives the holder a put option at each step-up point over the life of the security. This put option allows the holder to put it back to the issuer at each of the step-up dates. If put, the security will be given back in return for its face value. As such, payment of step-up coupons will be ended.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts