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Discrete Payoff Bull Note

A fixed rate note in which the rate is higher than usual and the principal will be paid back either at part or considerably less than par. The principal repayment is calculated based on the reading of a specified interest rate denominated in a currency other than the base currency of the note. The lower prepayment level of the principal may be triggered if the foreign exchange rate rises (or drops) beyond a preset level (as agreed by counterparties).


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