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Yield Enhancement

SMI, Euro Stoxx & Co

Monday, 21 August 2023 Reading time : 1 minute

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

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