In the "Full Quote" widget of a reverse convertible bond, you find the following data in the "Characteristics" area:
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Field |
Description |
|---|---|
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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". |
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Interest rate p.a. |
The annual interest rate or coupon of the reverse convertible bond. |
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Strike |
The strike or exercise price of the reverse convertible bond. |
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Nominal value |
The nominal value of the reverse convertible bond. |
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Security level |
The security level or barrier of the reverse convertible bond. |