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Reverse Convertible Note - RCN

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Reverse Convertible Note - RCN
A synthetic instrument that behaves similar to both bonds and stocks, providing high coupon payments with final payoffs dependant upon the equity markets.

Notes:
The RCN has a face value that matures as shares or cash upon the discretion of the issuer, and a fixed coupon rate based upon bonds. This allows investors to optimize the diversification of their portfolios without necessarily buying both types of products.



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