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Barrier Observation at the End: Last Look BRC

Wednesday, 16 August 2023 Reading time : 1 minute

Barrier observation at the end: Last Look BRC
Barrier Reverse Convertibles belong to the category of yield enhancement products and have an advantage over direct investments: the risk of suffering a loss is reduced thanks to the barrier feature. Usually, the barrier is active during the entire term of the product; if the price of one underlying touches this barrier, the prices of all underlyings must be above their relative initial price at the end of the term to avoid a delivery of stock.

This is different for BRCs with a last-look feature, also known as a european barrier. Here, the barrier is not relevant until the end of the last trading day of the product. If the prices of all underlyings are above the barrier - regardless of whether it has been touched or breached during the term - the investor is fully repaid. As with BRCs with regular barriers, the coupon payment is guaranteed and not dependent on the closing prices of the underlyings.


Last Look Callable Barrier Reverse Convertible on
SMI®, Euro Stoxx 50® und S&P 500® (CHF)

  • 4.67% coupon p.a.
  • 70% barriere
  • 18 months maturity
  • Termsheet

Last Look Callable Barrier Reverse Convertible on
Zurich, Swiss Life und Swiss Re (CHF)

  • 8% coupon p.a.
  • 70% barrier
  • 12 months maturity
  • Termsheet

Last Look Callable Barrier Reverse Convertible on
Richemont, Logitech, Straumann und Lonza (CHF)

  • 10% coupon p.a.
  • 61% barrier
  • 12 months maturity
  • Termsheet
 
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