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Barrier Reverse Convertibles - Swiss Equity Leader Index
Barrier Reverse Convertible (1230)
The Barrier Reverse Convertible offers a conditional capital protection. This is achieved by establishing a kick-in level which at issue date is fixed at a specific percentage below the share price. As long as the share price never touches the kick-in level during the investment period, you will be paid back 100% of your invested capital. If the kick-in level is touched once prior to maturity, the Barrier Reverse Convertible is converted to a Standard Reverse Convertible. The coupon is always paid out.
Flat, slightly rising or slightly falling market trend.
Maximum return (coupon amount) if underlying does not touch or fall below kick-in level at any time prior to expiry or if underlying closes above strike on expiry.
Delivery of underlying or cash settlement on expiry (underlying may be worth less than invested capital); loss of capital protection if kick-in level touched.