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Impact Of Covid 19 Turmoil On Fixed Coupon Notes (Fcns)

In: Fixed Coupon Note High Returns and Low Risk

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  • Rajiv Aggarwal

Abstract

Let us see the journey of an FCN through the turmoil of the COVID-19 Pandemic. A 12-month FCN on the worst of Alexion Pharmaceuticals, Bank of America, and Facebook was done on June 12, 2019 with a Strike of 64.03% and Coupon of 8%. The FCN was autocallable on a quarterly basis if all three underlyings closed above initial level on any of the observation dates. The initial levels were as follows…

Suggested Citation

  • Rajiv Aggarwal, 2020. "Impact Of Covid 19 Turmoil On Fixed Coupon Notes (Fcns)," World Scientific Book Chapters, in: Fixed Coupon Note High Returns and Low Risk, chapter 8, pages 147-153, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811225048_0008
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    More about this item

    Keywords

    Investments; Wealth Management; Structured Products; Reverse Convertibles; Autocallables; Investors; Investment Bank; Equity; Fixed Income; Bonds; Index; Phoenix Note;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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