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JB CALLABLE MULTI BARRIER REVERSE CONVERTIBLE ON BNP PARIBAS, ING, UBS

JB CALLABLE MULTI BARRIER REVERSE CONVERTIBLE ON BNP PARIBAS, ING, UBS

Global financials continue to be heavily undervalued, both in relative and absolute terms, and should now benefit from the current macro backdrop, primarily from rising interest rates and higher yields. Against this background, we expect a general shift within the equity market out of expensive defensive stocks into more cyclical value names, including financials.

As a result of this, we reiterate our overweight rating for global financials and therefore would like to show you the following investment idea:

Highlights

  • Bright outlook for the financial sector
  • Coupons of 7% p.a.
  • Risk buffer of 40%
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