Skip to Content

JB CALLABLE MULTI BARRIER REVERSE CONVERTIBLE (65%) ON SWISS MARKET® INDEX, EURO STOXX 50® INDEX, NIKKEI 225 INDEX, S&P 500 INDEX®

  • The S&P 500 has now wiped out what it had gained so far in 2018. Concerns in the market can be partly attributed to the ongoing trade disputes between the US and China, which show no signs of fading, as well as the Fed’s continued plans to tighten monetary policy, with another rate hike in December appearing likely. The current uncertainties are leading to higher volatility and at times of elevated volatility, yield enhancement products become more attractive.
  • With this backdrop, investors who have neutral to moderately positive market expectations, but are also looking for protection against possible corrections, may want to consider the yield enhancement products on world indices currently in subscription. These products represent an investment in the following four underlying indices: Swiss Market Index, Euro STOXX 50 Index, S&P 500 Index and Nikkei 225 Index.
    The products pay an (indicative) quarterly coupon of 4.60% p.a. (qCHF), 5.20% p.a. (qEUR), and 7.90% p.a. (qUSD).
  • The invested capital is protected at maturity up to the knock-in barrier at 65%. However, if any of the underlying indices touch or fall below the individual knock-in barrier level during the lifetime of the product and the fixing of any of the underlyings is below the respective strike price at maturity, investors receive an amount which takes into account the decrease of the underlying with the lowest performance relative to its individual strike price.
Back to top