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5.50% p.a. JB Callable Multi Barrier Reverse Convertible (70%) on Roche, Novartis, Nestlé

  • Valor 46660904
  • ISIN CH0466609044
  • Symbol MCKSJB
  • SVSP Category Yield enhancement
  • SVSP Type Barrier Reverse Convertibles








as of:
Performance since issue -0.85%
max. return 6.79%
max. return p.a. 5.86%
Distance to strike (%) 3.41%
Distance to barrier +32.39%
Delta NESN=0.044,​NOVN=0.061,​ROG=0.123
multiple Underlyings Yes
days to maturity 424
SSPA VaR* 8.50%
SSPA RiskRating*
0 1 2 3 4 5 6 7

*All statements without guarantee.

Daily high (bid) 99.20
Daily low (bid) 99.10
52 Week high (bid) 101.50
52 Week low (bid) 98.15
Alltime high (bid) 101.50
Alltime low (bid) 98.15
Worst performing underlying Roche Holding Ltd
Performance of the underlying since issue 3.53%
Initial fixing date 18/04/2019
Issue date 18/04/2019
Maturity date 19/10/2020
Redemption date 26/10/2020
Callability Yes
Issuer Bank Julius Baer & Co. Ltd., Guernsey
Underlying Nestlé Ltd
Novartis Inc
Roche Holding Ltd
Issue price 100.00
Currency CHF
Listing Yes
Coupon p.a. 5.50%
Next coupon payment 29/10/2019
Strike 100%
Barrier (%) 70.00%
Barrier observation continuous
Quanto No
Payment Scenario Barrier Reverse Convertibles
market expectation
  • Underlying moving sideways or slightly rising
  • Falling volatility
  • Underlying will not breach barrierduring product lifetime
  • Should the barrier never be breached, the nominal plus coupon is paid at redemption
  • Due to the barrier, the probability of maximum redemption is higher; the coupon, however, is smaller than for a Reverse Convertible
  • If the barrier is breached the product changes into a Reverse Convertible
  • The coupon is paid regardless of the underlying development
  • Reduced risk compared to a direct investment into the underlying
  • With higher risk levels, multiple underlyings (“Worst-of”) allow for higher coupons or lower barriers
  • Limited profit opportunity(cap)

Nestlé Ltd

  • Ticker SymbolNESN SE
  • Valor3886335
  • ISINCH0038863350

108.22 CHF

Novartis Inc

  • Ticker SymbolNOVN SW
  • Valor1200526
  • ISINCH0012005267

88.44 CHF

Roche Holding Ltd

  • Ticker SymbolROG SE
  • Valor1203204
  • ISINCH0012032048


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