UBS brings retail CLNs to Hong Kong


UBS has launched its first credit-linked notes targeting retail investors in Hong Kong. The Retail-Aimed Callable Investment Notes Global Series 1 & 2 are linked to a first-to-default basket of financial institutions: Bear Stearns, Deutsche Bank, Goldman Sachs, JP Morgan, Lehman Brothers, Macquarie Bank, Merrill Lynch and Morgan Stanley.

Four versions

The notes are available in four versions. For series 1a and 1b, the maximum investment term is set at seven years and the term can be extended f

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