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4.41% p.a. JB Reverse Convertible on Novartis

  • Valor 48153865
  • ISIN CH0481538657
  • Symbol SBCPJB
  • SVSP Category Yield enhancement
  • SVSP Type Reverse Convertibles








as of:
Performance since issue -0.60%
max. return 1.65%
max. return p.a. 4.82%
Distance to strike (%) 6.07%
Delta 0.004
multiple Underlyings No
days to maturity 126
SSPA VaR* n.a.
SSPA RiskRating* n.a.

*All statements without guarantee.

Daily high (bid) 99.40
Daily low (bid) 99.40
52 Week high (bid) 100.50
52 Week low (bid) 98.40
Alltime high (bid) 100.50
Alltime low (bid) 98.40
Performance of the underlying since issue 6.46%
Initial fixing date 23/08/2019
Issue date 23/08/2019
Maturity date 21/02/2020
Redemption date 28/02/2020
Callability No
Issuer Bank Julius Baer & Co. Ltd., Guernsey
Underlying Novartis Inc
Issue price 100.00
Currency EUR
Listing Yes
Coupon p.a. 4.41%
Next coupon payment 28/02/2020
Strike 80.914
Quanto Yes
Payment Scenario Reverse Convertibles
market expectation
  • Underlying moving sideways or slightly rising
  • Falling volatility
  • Should the underlying close below the strike on expiry, the underlying and/or a cash amount is redeemed
  • Should the underlying close above the strike at expiry, the nominal plus the coupon is being paid at redemption
  • The coupon is paid regardless of the performance of the underlying
  • Reduced risk compared to a direct investment into the underlying
  • With higher risk levels, multiple underlyings (“Worst-of”) allow for higher coupons
  • Limited profit opportunity (cap)

Novartis Inc

  • Ticker SymbolNOVN SW
  • Valor1200526
  • ISINCH0012005267


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