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Autocallable Yield Note

A structured note in which the coupon is linked to more than one underlying (usually two indexes), and is callable...

Amortizing Bond

A bond that returns principal and interest on a regular basis. It pays a coupon and makes partial repayment of...

Hybrid Fixed-Rate Reverse Floating-Rate Note

A floater (FRN) that pays a high fixed rate coupon for an introductory period (first one or two years), then...

Contingent Coupon Callable Yield Note

A callable yield note (CYN) and an income product in which the coupon is linked to the performance of two...

Bullet

A fixed-income security (usually a bond) that has no early redemption features (callability or embedded call option). Bullets (bullet securities)...

Bull FRN

A floating-rate note (FRN) in which the coupon moves inversely to the movement of the reference rate. That is, if...

Hybrid Fixed-Rate Reverse FRN

A floater (FRN) that pays a high fixed rate coupon for an introductory period (first one or two years), then...

Option-Adjusted Yield

The expected yield to maturity (YTM) of a bond/ note that is adjusted for an embedded option (e.g., an issuer's...

Capped FRN

A floating-rate note (FRN) in which coupon rates (coupon reset rates) are subject to an upper limit. Like standard FRNs,...

Bull Floater

A floater (floating-rate note) in which the coupon moves inversely to the movement of the reference rate. That is, if...