What do you think guys? Could be a winner or a losser Trade? Trade Date: July 1, 2008 Issue Date: July 16, 2008 Final Valuation Date: January 4, 2010 Maturity Date: January 19, 2010 Upper Barrier: 124.11% of the Initial Level Lower Barrier: 75.89% of the Initial Level
What's the trade...? How much would it cost, or what level would you pay? Is this on the SPTR or cash SP500? Are there multiple resets or just one valuation dates? What is your funding cost?
Is a structured product The risk involved is : If S&P cash move more than 24% up or 24.11% lower since inception day you win $0 but conserve 100% of your capital You can gain almost 20% if S&P cash index don't cross the barriers