Autocallables remain popular products, helped by the offer of high target returns (pseudo-yield) in excess of what is achievable by a reverse convertible linked to the same underlying over the same period.
Autocallables come in many forms. The typical construction requires the underlying index to be above its initial level at various times during the investment. This might be annually for a five-year investment and perhaps monthly or quarterly for a shorter-dated product.
The most popular type p
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