6 Year Digital Bond
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Document ID: 1996-713 (previously Report 14)
Published on: 31st August 1996
A single-page analysis of a recently-issued retail structure. The product offers a payoff at the end of 6 years which is linked to the performance of the FTSE and S&P indices each year over the life of the product. The product pays simple interest of 17.25% for each year both indices rise. The minimum payoff is 1.3450, equivalent to 5.06% pa or 2 years with a rise in both indices.
