Equity-Linked Bonus Coupon Note
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01.08.2021
Co-author
Affiliation
BMO
Main category
Economics (Finance)
Abstract
A bonus coupon note, also referred to as coupon growth note or bonus enhanced note or basket coupon note, is an equity-linked note that provides guaranteed coupons over the life of the note with potential for a bonus coupon based on the underlying asset trading above a specified barrier level. The note pays a series of coupons based on the weighted performance of all assets in the basket on each Coupon Determination Date. The coupons are usually capped and floored.
Further information
Further reading
https://ia801501.us.archive.org/34/items/eq-coupon-22/EqCoupon-22.pdf
Language
English
DOI
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