A variant of barrier reverse convertible (BRC)- a structured product– that is subject to more than one barrier (a continous barrier observation- a number of barrier events), with a downside exposure to the price development of the worst-performing stock amongst a basket of underlying stocks. It pays a guaranteed coupon over the specified term regardless of the performance of the underlying stock. On the redemption date, it will be redeemed at par (face value or principal amount) if none of the underlying shares traded below their respective knock-in price during an observation period. Otherwise, the convertible will be redeemed at par at the closing price of the lowest performing share on the redemption date.

It belongs to the category of yield enhacement products.