US Wrap: Tentative reverse convertible issuance from Citi

UBS appealed to willing but sceptical investors in the market by launching a bull-bear play on the Russell 2000 index. Investors enjoy 100% positive participation in the index, regardless of its directional movement; provided that it stays within 60-64% to 136-140% of its level at strike (the exact level will be determined at pricing). The note is 100% principal protected, and investors will receive back only capital if the index falls out of the specified range.

Issuer

Product type

Unde

To continue reading...