A Reverse Convertible is a short-term investment linked to the performance of an underlying stock*.
Interest* paid monthly or quarterly.
Reverse Convertibles are issued by A to AAA
rated banks and financial institutions.
A Reverse Convertible bond offers individual investors a predictable, steady stream of income.
To learn more about Reverse Convertibles speak to an Investment Specialist at:
800 225 6196
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*Not all products are suitable to all investors. Any investment includes associated risks. The following is designed to introduce you to a range of possible products. It is not an offer of sale, nor a guarantee of performance. Consider your financial profile, risk tolerance, and investment objectives carefully prior to selecting any investment. Please contact us for additonal information regarding these products.
Reverse Convertibles Recently offered:
Apple 10.20% 1 Year
Merck 11.00% 1 Year
Conoco Phillips 9.25% 1 Year
Gold Corp 13.00% 6 Month
Cisco 10.50% 1 Year
Target 15.25% 3 Month
A reverse convertible is a short-term investment linked to an underlying stock. These securities offer individual investors a predictable, steady stream of income due to the payment of a high coupon. At maturity, the investor will receive either 100% of their original investment amount or a predetermined number of shares of the underlying stock, in addition to the stated coupon payment. If shares of stock are delivered to the investor, their value will be less than the original investment amount. These notes carry the risk of the underlying equity. Payment at maturity is based on the Final Share Price of the reference stock and whether the closing price has declined from the initial share price by more than the protection amount during a monitoring period.
*Interest is guaranteed by the A - AAA rated issuer, principal is not. The investor' s earning potential is limited to the security's rate of interest. May not be suitable for all investors. Consult your financial advisor. Please request a prospectus prior to investing. This is not an offer to buy or sell securities. The creditworthiness of the issuer does not affect or enhance the performance of the investment.
