FVC review: Barclays issues reverse convertible on GoPro
Six-month product on volatile stock comes with an American-style barrier
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 forHigh income of 12% paid on a monthly basis (1% per payment).
Income stream is not dependent on the performance
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