Reverse convertible bond characteristics
In the "Full Quote" widget of a reverse convertible bond, you find the following data in the "Characteristics" area:
Field | Description |
|---|---|
Certificate group | The certificate type, here "Reverse convertible bond". A reverse convertible bond is a structured financial product. The most important characteristic of these products is that at maturity the issuer has the option to either repay 100% of the nominal amount or deliver a pre-specified amount of shares. In addition, the investor receives one or more coupon payments during the lifetime of the certificate. The coupon is usually significantly higher than that of a normal bond. |
Certificate type | The certificate type. The type is used to categorise reverse convertible bonds more precisely, for example, "Reverse Convertible Classic" or "Reverse Convertible Pro". |
Interest rate p.a. | The annual interest rate or coupon of the reverse convertible bond. |
Strike | The strike or exercise price of the reverse convertible bond. |
Nominal value | The nominal value of the reverse convertible bond. |
Security level | The security level or barrier of the reverse convertible bond. |