Derivatives

Commodity Product Spread

December 28, 2022
Finance

Step-Up Security

December 28, 2022

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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.

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