33% Coupon on Helveteq’s First Multi Barrier Reverse Convertible on Crypto
by Fintechnews Switzerland August 11, 2023Helveteq launched in Switzerland the their first Multi Barrier Reverse Convertible with three crypto currencies as underlying.
The product is admitted for broad distribution in Switzerland and offers investors to benefit from elevated volatility in the crypto currencies Bitcoin, Ripple and Solana.
Multi Barrier Reverse Convertibles are popular on baskets of equities. The products pay a fixed coupon while the redemption of the nominal value is dependent upon the performance of the underlyings relative to a barrier level. Helveteq’s product team, which has been securitizing traditional securities as well as digital assets for clients, thereby allows investors to benefit from higher return expectations (and higher risks) in the crypto markets. The first Helveteq product has an indicative coupon of 33% p.a. with a 65% barrier and a maturity of three months.
Helveteq’s partner and custodian is Bank Frick.
Christian Katz
Christian Katz, CEO von Helveteq, says:
“This attractive new product broadens the product offering of Helveteq by adding a yield enhancement solution for investors with a shorter investment horizon. We are glad to succeed in offering a Multi Barrier Reverse Convertible on crypto currencies to clients. Investors benefit from a higher coupon. In addition, all our products are collateralized (for counterparty risk) and thereby offer investors an additional layer of security.”
Featured image credit: Edited from freepik
