[問題] 請較高手們這產品的利與弊謝謝

看板CFAiafeFSA作者JilSander (Doer brokenheart)時間17年前 (2006/12/10 02:10)推噓3(3推 0噓 9→)

留言12則, 5人參與討論串1/1

※ [本文轉錄自 CFP 看板] 作者: JilSander (Doer brokenheart) 看板: CFP 標題: [問題] 請較高手們這產品的利與弊謝謝時間: Sun Dec 10 02:09:26 2006 EURO MEDIUM TERM NOTE - CAPITAL GUARANTEED CURRENCY: USD – MATURITY: 15 YEARS CALLABLE CORRIDOR USD LIBOR 3M Type Private Placement Form Euro Medium Term Note Issuer & Guarantor IXIS CIB (AA/Aa2/AA) Currency USD Nominal USD 3.100.000 Denomination USD 100.000 Secondary market USD 100.000 or 1 note minimum for early redemption Trade Date 06th December 2006 Value date 03rd January 2007 Redemption date 03rd January 2022 (Subject to early redemption) Issue price 100% Redemption price 100% Bonus Year 1 to 15: 7.75% * N/Ntot subject to accrual provision (Quarterly, 30/360, unadjusted) Range Year 1 to 15: 0.00% - 7.00% Business day New-York, London, TARGET Business day convention Modified following, unadjusted. Underlying Index 3 month LIBOR USD Observed on Telerate page T-3750 at 11:00 am London time each day of the observation period N Nb of Days in the quarter where the fixing of the 3M USD Libor is in the following ranges (subject to Rate Cut-Off Provision) Ntot Total number of days, for each period Rate Cut-Off Provision: the fixing of the 3M USD Libor on Rate Cut-Off Date will apply from Rate Cut-Off Date included to but excluding the Coupon Payment Date. Rate Cut-Off Date: 5 Business Days prior to Coupon Payment Date For days the 3M USD Libor is not published, the fixing of the following london Business Day will be used. CALLABLE The product is callable by the issuer at par after 3 months and on every coupon payment date thereafter with a notice of 5 business days. Warning: An increase in the level of interest rates will have an adverse impact on the mark-to-market value of the corridor note. In case of significant swap rise, the expected coupon will be nil and the note valuation on the secondary market will approach the present value of 100%. The corridor notes are not highly liquid instruments. There may exist a time when there is a lack of liquidity or low trading volume in the market for the note, which could result in a decrease of the market value of the note. Investors should be prepared to hold this note until maturity should it not be called by the Issuer. If the note is not held to maturity and the investor wishes to sell the note, the investor may not receive the entire principal amount invested. The price of the corridor notes can also be impacted by other market variables, including, but not limited to swap volatility, shape of the swap yield curve and the credit spread of the issuer. The investor is not allowed to join the issue on the secondary market. -- ※ 發信站: 批踢踢實業坊(ptt.cc) ◆ From: 219.86.40.39 -- ※ 發信站: 批踢踢實業坊(ptt.cc) ◆ From: 219.86.40.39

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