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 |
BRC | 125290718 | NASDAQ 100®, SMI®, DAX® | 6% | 70% | 12 | USD | 25.05.2023 |
CBRC | 125290765 | SMI®, EURO STOXX 50®, S&P 500® | 5% | 59% | 18 | CHF | 30.05.2023 |
ZKB Autocallable Barrier Reverse Convertible on worst of Volkswagen Vz I / BMW I / Mercedes-Benz Grp... 121485275 / CH1214852753 |
ZKB Autocallable Reverse Convertible on worst of Walt Disney Rg / Airbnb Rg-A / Carnival The Walt Di... 121485967 / CH1214859675 |
ZKB Reverse Convertible auf Pinduoduo Sp ADS-A Pinduoduo Inc 121488045 / CH1214880457 |
ZKB Callable Barrier Reverse Convertible auf Compagnie Financière Richemont SA 121485990 / CH1214859907 |
ZKB Callable Barrier Reverse Convertible on worst of Lonza Grp N / Zurich Insur Gr N / CieFinRichemo... 121485492 / CH1214854924 |