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Phoenix Autocall Note

An autocall note that provides pre-defined returns from a host of underlying assets (shares) in a relatively flat or even...

PVBP of a Bond

The price value of a basis point of a bond is a measure of the bond price volatility to interest…

Pro-Rata Sinker

A type of sinking fund bonds (sinkable bonds or sinkers) in which an equal percentage of bonds are redeemed from…

Pulsar Protected Note

A protected note which provides capital protection (as a capital guaranteed product) for a long period of time (long-dated note),…

Phoenix Autocall

A structured product in which the autocall mechanism is subject to two barriers: one relating to the autocall, itself, and...

Participatory Preferred Stock

A preferred stock that gives the holder the right to participate in (i.e., receive) any dividend payouts for common stock...

Participatory Preferred

A preferred stock that gives the holder the right to participate in (i.e., receive) any dividend payouts for common stock...

Par Bond

A bond that trades in the market at its par value (face value). In other words, parity implies that the...

Physical-Settled IPU

An index participation unit (IPU) which constitutes a basket product whose components are supported by physical securities. That means this...

Prime FRN

A floating-rate note (FRN) in which coupons are based on the prime rate. Prime is a short-term, floating rate of...