A variant of barrier reverse convertible (BRC)- a structured product– in which the barrier strike is only active for a specific period (window) during its life. The barrier can be only breached or hit within a certain time window, such as the last three months of a convertible’s one-year lifetime. In the non-window period, the holder of the convertible cannot react to the convertible’s price level fluctuations with respect to the barrier strike.
November 19, 2023