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Pro-Rata Sinker

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

Multi Chance Barrier Reverse ConvertibleĀ 

A variant of barrier reverse convertible (BRC)- a structured product– that pays a coupon on a frequent basis (e.g., quarterly)…

MSCB

It stands for moving strike convrtible bond; in Japan, it is a convertible bond in which the conversion price is…

Classic Autocall

A structured product in which the autocall mechanism determines the amount of payoff (coupons), accumulated and paid on an autocall...

Pulsar Protected Note

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

Autocall Athena

A structured product in which the autocall mechanism determines the amount of payoff (coupons), accumulated and paid on an autocall...

Phoenix Autocall

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

Multi-Step-Up Callable Bond

A step-up callable bond whose initial coupon is well above market rates (for vanilla bonds) and which allows more than…

Multicallable Note

A structured note that allows the issuer to call or redeem it at its own discretion on specified dates along…

LYON

An abbreviation for liquid yield option note; a form of zero-coupon convertible bond (convertible zero-coupon bond) that was introduced by Merrill…