FVC review: Barclays issues reverse convertible on GoPro

Barclays has issued a six-month reverse convertible on US-listed camera maker GoPro. The product offers some downside protection via an American-style 70% barrier, though the stock has exhibited high volatility during its short life as a public company thus far

GoPro manufactures rugged wearable cameras
GoPro manufactures wearable cameras

Barclays has issued a six-month reverse-convertible tied to the shares of GoPro, the US manufacturer famed for its rugged portable cameras. The product pays a monthly fixed coupon of 1%, equivalent to an annual fixed coupon of 12%. Investors' capital is at risk if a 70% American-style barrier is breached as of the closing-day price of the stock throughout the product term.

Points for

High income of 12% paid on a monthly basis (1% per payment).

Income stream is not dependent on the performance

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