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Barrier Reverse Convertible

Category — Structured Products
This type falls in the yield enhancement category of structured products.

It is issued in the form of bonds. While the bond is traded, coupons are paid at a rate higher than on usual bonds. The investor is paid the face value if the barrier (threshold) was not reached while the note was traded. Otherwise, the note type is changed into Reverse Convertible.
Terms from the same category