Uncertainty - translated into volatility on the stock exchanges - pushes prices down. However, for yield enhancement products that have a short option component, increased volatility can also be beneficial, as the option premiums collected increase with volatility: Higher coupons and/or lower barriers result. For investors assuming a sideways movement or rising markets, or assuming a normalization of volatility, temporarily increased volatility allows for more attractive conditions.
Type | Valor | Underlyings | Coupon p.a. | Barrier | Duration (m) | Currency | Subsciption until |
CBRC | 127346283 | SMI®, EURO STOXX 50®, S&P 500® | 4% | 60% | 18 | CHF | 25.09.2023 |
CBRC | 127346285 | SMI®, EURO STOXX 50®, S&P 500® | 8% | 60% | 18 | USD | 25.09.2023 |
8.36% ZKB Barrier Reverse Convertible, 24.07.2025 on worst of HEI GY/MUV2 GY/MC FP Heidelberg Materi... 135804067 / CH1358040678 |
ZKB Barrier Reverse Convertible on worst of L'Oréal S.A./Moët Hennessy Louis Vuitton SE 140250273 / CH1402502731 |
ZKB Barrier Reverse Convertible on worst of Moët Hennessy Louis Vuitton SE/L'Oréal S.A. 140250270 / CH1402502707 |
ZKB Barrier Reverse Convertible auf Moët Hennessy Louis Vuitton SE 134141212 / CH1341412125 |
ZKB Barrier Reverse Convertible auf Moët Hennessy Louis Vuitton SE 139434156 / CH1394341569 |